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Crypto continues to be adopted around the world, and significant changes can occur after the recent market downturn. Some upturn momentum can actually be driven by a group of market participants, women, who are not currently the majority of the space.
Women currently make up only a small proportion of investors in cryptocurrencies, according to research reports.
For example, a CNBC survey last August found that men were more than twice as involved in cryptocurrencies as women, with 7% of women and 16% of men’s cryptocurrencies. rice field. The gap is about the same in the exchange-traded fund market, with statistics showing a 14%: 7% distribution in favor of men.
So what if crypto space sees an increase in female adoption?
According to venture capitalist Tim Draper, it will catalyze the next bull run of crypto. In his opinion, shared during a podcast with Scott Melker, this could push crypto prices to a new peak.
But billionaire investors say something needs to happen before the gender inequality narrows. More shopkeepers need to accept payments. Bitcoin (BTC)..
According to Draper, Bitcoin is a good payment method for most stores and has a low operating margin. Therefore, by adding support for BTC payments, you will be able to take advantage of low transaction fees while providing new ways to incentive your customers.
Bitcoin transaction costs average $ 1.4 (check BitInfoCharts), but with Visa MasterCard.. On average, transactions in stores using credit cards can cost up to 2.9%. The price for online purchase is about 3.5%.
They add that these are the costs that stores can avoid if they choose Bitcoin, and that they will benefit further from the increase in customers. Women dominate about 80% of retail consumption.
What is Draper’s prediction if a higher percentage of women start using Bitcoin? He is holding up a potential bull market that could “blow away” his previous forecast of $ 250,000.
Cryptocurrency adoption continues to rise slowly, and Morning Consult states that (since July 2021) only 2% more Americans own cryptocurrencies (currently 24 adults in the United States). %).
However, data intelligence companies have found an interesting trend in another study-women make up 30% of all Americans who say they own crypto. This figure is higher than in early 2021 and is consistent with Australia’s findings that women’s exchange use surged 175%. That’s 80%, more than double that of men.
And it not only has a large number of women entering cryptocurrencies, but also makes higher initial deposits, averaging $ 2,381 against $ 2,060 compared to men.
Obviously, more and more women are entering cryptocurrencies and transactions, and Draper says this adds to Bitcoin’s positive outlook. Much aggressiveness is associated with increased support for the flagship cryptocurrency as a payment method by merchants and online stores.
Crypto continues to be adopted around the world, and significant changes can occur after the recent market downturn. Some upturn momentum can actually be driven by a group of market participants, women, who are not currently the majority of the space.
Women currently make up only a small proportion of investors in cryptocurrencies, according to research reports.
For example, a CNBC survey last August found that men were more than twice as involved in cryptocurrencies as women, with 7% of women and 16% of men’s cryptocurrencies. rice field. The gap is about the same in the exchange-traded fund market, with statistics showing a 14%: 7% distribution in favor of men.
So what if crypto space sees an increase in female adoption?
According to venture capitalist Tim Draper, it will catalyze the next bull run of crypto. In his opinion, shared during a podcast with Scott Melker, this could push crypto prices to a new peak.
But billionaire investors say something needs to happen before the gender inequality narrows. More shopkeepers need to accept payments. Bitcoin (BTC)..
According to Draper, Bitcoin is a good payment method for most stores and has a low operating margin. Therefore, by adding support for BTC payments, you will be able to take advantage of low transaction fees while providing new ways to incentive your customers.
Bitcoin transaction costs average $ 1.4 (check BitInfoCharts), but with Visa MasterCard.. On average, transactions in stores using credit cards can cost up to 2.9%. The price for online purchase is about 3.5%.
They add that these are the costs that stores can avoid if they choose Bitcoin, and that they will benefit further from the increase in customers. Women dominate about 80% of retail consumption.
What is Draper’s prediction if a higher percentage of women start using Bitcoin? He is holding up a potential bull market that could “blow away” his previous forecast of $ 250,000.
Cryptocurrency adoption continues to rise slowly, and Morning Consult states that (since July 2021) only 2% more Americans own cryptocurrencies (currently 24 adults in the United States). %).
However, data intelligence companies have found an interesting trend in another study-women make up 30% of all Americans who say they own crypto. This figure is higher than in early 2021 and is consistent with Australia’s findings that women’s exchange use surged 175%. That’s 80%, more than double that of men.
And it not only has a large number of women entering cryptocurrencies, but also makes higher initial deposits, averaging $ 2,381 against $ 2,060 compared to men.
Obviously, more and more women are entering cryptocurrencies and transactions, and Draper says this adds to Bitcoin’s positive outlook. Much aggressiveness is associated with increased support for the flagship cryptocurrency as a payment method by merchants and online stores.
