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BlockFi Survey Reveals Extent of Gender Gap in Cryptocurrency Investing
Published, 21 September, 2021
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JERSEY CITY, N.J., September 21, 2021 -- BlockFi today published "Real Talk: Women x Crypto," its inaugural survey on crypto assets. This edition focuses on the motivations, behaviors, and dispositions of female Americans to cryptocurrencies and investing more broadly.
According to the survey results, 94% of women have heard of cryptocurrency, but only 9% feel they know a fair amount about the asset class, illustrating a sizable gender gap in terms of industry participants. BlockFi’s research shows that the gender gap in cryptocurrency exceeds similar gaps in traditional investments such as equities, exchange-traded funds, mutual funds, or real estate.
Only 29% of women surveyed say they are likely to purchase cryptocurrencies in the next year, despite 50% believing Bitcoin prices will go up in the next five years. Similarly, BlockFi’s survey found that there is major hesitancy among women to take investment risks; less than one in four women are willing to take on more than a small amount of risk when investing.
In terms of evaluating various investment options, the survey showed that half of women (50%) rely on conversations with their family and friends to inform their financial decisions, which was more popular than engaging a professional advisor for financial counsel (39%). More than half (57%) of women reported waiting to adopt new technology until most others have. The survey also found that only 23% of women knew how to purchase cryptocurrency if they wanted to do so, and nearly 40% of women find cryptocurrency to be confusing.
Flori Marquez, SVP of Operations and Co-Founder of BlockFi said, “I have witnessed firsthand a hesitation around women discussing their financial health. I'm making it my personal mission to change the figures we're sharing today."
Ms. Marquez added, “In order for more women to be empowered with knowledge on what crypto is and how it works, BlockFi is working diligently to provide crypto-curious women with an in-depth look at the inner workings of cryptocurrencies—from blockchain technology, the history and purpose of altcoins, to the benefits of alternative investing.”
BlockFi’s survey revealed that cryptocurrency curiosity amongst women outweighed the percentage of women who feel that it is too risky to invest in. 46% of women respondents indicated they are interested to learn more about cryptocurrency investing and 23% of respondents disagreed that it’s “too late” to profit in cryptocurrency investing.
Methodology
The survey, the first in a quarterly series evaluating womens’ investment patterns, was conducted by a third-party survey panel between August 6th to August 12th, 2021. 1,023 female Americans between the ages of 18 and 65 were surveyed.
About BlockFi
BlockFi is a new breed of financial services company. Founded in 2017 by Zac Prince and Flori Marquez, BlockFi is building a bridge between cryptocurrencies and traditional financial and wealth management products to advance the overall digital asset ecosystem for individual and institutional investors.
Nothing contained in this announcement should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. The information provided in this announcement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This announcement is not directed to any person in any jurisdiction where the publication or availability of the announcement is prohibited, by reason of that person's nationality, residence or otherwise.
Neither BlockFi nor any of its affiliates or representatives provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
Digital currency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections. Learn more at BlockFi.com
BlockFi Lending LLC NMLS ID#1737520 | BlockFi Trading LLC NMLS ID#1873137
Last updated on June 24th, 2022
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As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.
BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access
BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access
Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.
BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.
BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.
See blockfi.com/terms for more information.
2022 © All Rights Reserved.
BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access
BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access
Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.
BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.
BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.
See blockfi.com/terms for more information.
2022 © All Rights Reserved.