Contrary to popular belief about the dominance of men in the crypto industry, statistics show that this stereotype is outdated. According to a study by Grayscale Investments, 43% of all those interested in buying Bitcoin in 2019 were women. If we consider that in 2016, only 3.5% of the fair sex were interested in cryptocurrency, it becomes obvious that girls are beginning to play an increasingly important role in the global crypto community.Together with the employees of BDC Digital, we will understand what contribution women make to the development of the crypto industry and how they earn money from it.
There is an ongoing debate among industry experts about the involvement of women in the new investment culture. American journalist Nathaniel Popper, the author of the sensational history of bitcoin, claims that women had nothing to do with the creation of cryptocurrencies.
But crypto community columnist Megan Kellison-Lords says otherwise. According to her, it is worth asking three women to name well-known activists of the bitcoin industry to get three lists with different names. This means that there are a lot of girls who successfully work in the cryptocurrency market.The Main Barriers to Women's Participation in the Crypto Industry
The dominance of men in technical fields is explained by the fact that they show an interest in computers and gadgets from an early age. Thus, out of the total number of students studying computer science, only 16% are women. Despite numerous programs designed specifically to attract women to programming, statistics show that the number of graduates interested in computer science and other technical professions has declined over the past ten years.The development of cryptocurrencies in many ways resembles the birth of the Internet. The launch of the new technology was mainly attended by men. This is due to the fact that the development of a global network required specialists with a high level of technical skills. They were also needed when creating Bitcoin and other cryptocurrencies.
Experts believe that the main problems that prevent women from working more actively in the cryptocurrency market are weak technical training and too emotional reaction to failures. Another significant obstacle for female startup founders was the pronounced gender power imbalance.According to a 2014 Babson College report, only 6% of venture partners were women, and only 15.8% of startups had at least one female founder. Unfortunately, when it comes to venture capital, women can only count on a fraction of what men get.
Crypto Gains Momentum among Women
Despite all the difficulties, the number of ladies interested in Bitcoin is steadily growing. According to data provided by Google analysts in 2016, out of the total number of transactions in the cryptocurrency market, only 3.5% were conducted by women.
In 2018, this figure increased to 10%. According to the latest data obtained in a survey of clients of the brokerage platform eToro, the number of women in the market has increased to 15%.According to Daria Vechorko, an employee and expert at BDC Digital, the steady increase in the number of women among investors investing in Bitcoin and other cryptocurrencies was primarily due to the appearance of ICOs. The initial coin offering and the opportunities it entailed opened the doors to the world of cryptocurrencies for the ladies.
The first ICOs were offered to users as an alternative to venture capital investments. A negative role in the subsequent history of this tool was played by bias, when the most important thing for raising capital is not a project, an idea or a high-quality business plan, but the person who is behind the offer.
At the same time, ICOs carried the ideas set out in the bitcoin white paper and the methods of their implementation, when the project came to the fore, and not the person behind it. This allowed women to bypass gender stereotypes and receive investments for startups that still work for people today.Women in the Crypto World
According to the American business publication Fortune, 4 of the 30 largest blockchain companies are managed by women. Representatives of the fair sex have already become experts in the cryptocurrency industry and compete with their male colleagues.
According to Connie Gallippi, who founded the first cryptocurrency charity BitGive, there were really a lot of women in the industry all this time. The problem is that most of them did not get the proper fame, unlike men.
However, there are women who hold some of the highest positions in the crypto world, and their achievements make a huge contribution to the development of the community.For example, Elizabeth Rossiello (BitPesa) develops technologies that provide fast and inexpensive money transfers to Africa. Cindy McAdam (Xapo) runs one of the most popular bitcoin wallet services. Victoria Van Eyck (Change Tip) implements the use of micropayments in bitcoin using Twitter. And this is not a complete list of representatives of the crypto industry.
Results and conclusions
There is a common misconception that cryptocurrency is a game for men. If we consider the real situation in the crypto market, the participation of women in it is really small.
Nevertheless, representatives of the fair sex play an important role in the development of the industry. They set high standards in many areas of the blockchain industry and promote the introduction of cryptocurrencies to the masses. Do you want to learn more about women in CRYPTO?!