genderless – How? ‘Or’ What bitcoin (BTC) and could cryptocurrencies claim to create a more inclusive world, if women didn’t have as much of a place in it as men? This university researcher may not be saying anything new by indicating that the cryptosphere tends to be male. It does, however, give details that help to better understand what seems to be a given in the crypto industry.
Gender and cryptocurrencies: would bitcoin therefore be a male crypto?
Research accepted on December 24, 2021 by the Journal of Business, Economics and Finance reveals behavioral and psychological differences linked to gender regarding bitcoin and cryptocurrencies. Researchers Çağla Gül Şenkardeş and Ozan Akadur collected, analyzed and interpreted data from a computer-assisted survey that was conducted in Turkey.
Çağla Gül Şenkardeş’s research focuses on technology and gender. Çağla Gül Şenkardeş has been actively involved in the crypto ecosystem for more than five years and studies the exclusion of women from the crypto industry.
The university researcher spoke to the Cointelegraph media about the presence of a ” male-dominated culture built within the crypto industry”. According to her, this culture is “visible in the demographic and psychological factors that affect financial investment decisions”.
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A study and figures: advocating for a genderless cryptosphere
60% of the women participating in the study have a very limited knowledge or even no knowledge cryptocurrencies. Two-thirds of the men in the sample, on the other hand, have a medium or high level of understanding of the latter.
Men tend to take more risk than women given their better knowledge of cryptocurrencies. Women with lower income and more limited knowledge of cryptocurrencies tend to experiment with different investment tools.
Çağla Gül Şenkardeş also bases on her personal observations to conclude that the lower level of knowledge of women on cryptocurrencies causes a decrease in their return on investment.
Çağla Gül Şenkardeş’ views on the place of women in the crypto industry are not all so pessimistic, however. The researcher mentioned the existence of platforms that campaign around the world to increase the participation of women in the sector as traders and developers.
Çağla Gül Şenkardeş has faith in the certainty that “the gap between female and male crypto investors will disappear” thanks to a “growing” awareness for genderless digital universe.
Beyond virtuous wishes, will the cryptosphere be able to open up enough to women in the coming years? The Robinhood trading application is one of the financial players who already want to see more female traders.
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