It’s a woman’s world out there! Women are investing in cryptocurrencies, according to a study commissioned by Bakkt, and the gender gap is closing. “Women & Crypto,” according to the paper, “women are now outpacing men as first-time purchasers.” If you’re paying attention, there’s no surprise there. However, having concrete figures is beneficial.

Bakkt, which bills itself as a “global regulated ecosystem for digital assets,” noted in its research aims that “the gender gap in crypto has been widely reported, but little evidence available regarding how the sector can go ahead in a more inclusive manner.” The study examines “knowledge and attitudes regarding cryptocurrencies among women who possess and do not own cryptocurrency, as well as how they vary from males who hold cryptocurrency.”

What Did Bakkt’s Research Reveal?

Even though this is research focused on the United States, and we may not be able to apply the findings to the rest of the globe, the figures are intriguing. Bakkt discovered that:

Let’s hope this trend continues in the coming years. “While men were the early adopters of cryptocurrency, women are now outpacing men as first-time buyers. In the last six months, 38 percent of women bought their first cryptocurrency, compared to 30 percent of males.”

These justifications will sound all too familiar.

“Not knowing how to get started (52 percent), not understanding crypto usefulness (52 percent), and not having additional finances to invest (49 percent) are the main hurdles highlighted by women who do not presently possess crypto.”

The fact that the numbers aren’t significantly higher is surprising, given the situation of the globe. “The majority of men (69%) and women (54%) who possess crypto say they expect to grow their holdings in the next six months,” according to the study.

There’s no need to haste. Everyone is going at their own speed. “The majority of women (61 percent) possess less than $500 in cryptocurrency,” according to the report.

Cryptocurrency Owners vs. Non-Cryptocurrency Owners

There is no alternative for face-to-face communication. The distinction between male and female takes a second seat in this portion of Bakkt’s research to the fact that no-coiners feel confused in the crypto realm.

Owners of crypto assets believe they know more about the issue than individuals who haven’t worked with them. Only 13 percent of male crypto owners and 22 percent of female crypto owners rank their knowledge as low or very low, compared to 70 percent of no-coiners who rate their knowledge as low or very low. “Women no-coiners” use adjectives like “confusing,” “risky,” and “frightening” to express how they feel about cryptocurrency. Crypto owners of both sexes, on the other hand, “share several of the same top phrases,” such as “opportunity,” “development,” “bold,” and “revolutionary.”

“82 percent of women who have bought crypto believe they are inclined to buy in the future, compared to barely a third of” women non-coiners, according to this female-only article.

But what exactly are these folks purchasing? “Both men and women crypto owners in the research listed bitcoin and ether as their top coin investments,” according to Bakkt. Here’s a chart that goes a little farther and includes DOGE, the Internet’s favorite memecoin:

Bakkt isn’t the Only One Who Thinks This Way Other Recent Research

Is it possible that these papers were created to commemorate Women’s History Month and International Women’s Day? Most likely. And that’s fantastic. BlockFi recently revealed the findings of a similar investigation. Bitcoinist, who is always prepared, summed them as follows.

“According to BlockFi’s newest poll, women are more interested in cryptocurrencies than ever before, with one-third wanting to purchase digital assets this year.” Furthermore, 60% of these women indicate they want to do so in the next several months.

In comparison to the identical nature of the research done in September 2021, the present poll shows a twofold increase in women’s interest, with 29 percent of women expressing interest in purchasing cryptocurrency next year.”