Women are more likely to hold cryptocurrencies for the long term

According to the latest report "2024 Global State of Crypto" released by New York cryptocurrency exchange Gemini, although the cryptocurrency investment field is still dominated by men, female investors have shown as much patience as men in holding cryptocurrencies. and persistence. The survey of 6,000 people showed that both men and women are equally likely to buy and hold cryptocurrencies for the long term.

"HODL", this word comes from the misspelling of "hold", which in the cryptocurrency world means that after investors buy cryptocurrency, they will not sell it easily even in the face of market fluctuations. The report pointed out that the "HODL" behavior of female investors is not inferior to that of men. Even in some countries, such as the United Kingdom, the proportion of long-term holdings by female investors is higher than that of men.

Gemini’s report highlights: “Looking at more than one year since acquiring their first cryptocurrency, the proportion of male and female investors is similar, and even in the UK, the proportion of women is higher. This means that women are equally equipped to hold cryptocurrencies for the long term as men. willingness and ability.”

Source: Gemini Survey results show that both men and women are good at long-term holding

Women’s participation in the cryptocurrency market still needs to improve

Although women are as good as men in "HODL" behavior, the overall proportion of women involved in cryptocurrency investment is still significantly lower than men. The survey showed that of the respondents, 69% were male and 31% were female, showing that a gender gap still exists.

The report analyzes cryptocurrency investors from five countries including the United States, the United Kingdom, France, Turkey and Singapore. Turkey has the highest proportion of cryptocurrency investors at 58%, followed by Singapore (26%) and the United States with 21%. The share of investors in France and the UK is both 18%.

Despite men’s numerical dominance, female investors’ steadfastness in holding behavior may become a force to watch in the cryptocurrency market in the future.

The report recommends that financial institutions should take more steps to attract female investors into the cryptocurrency market, promote gender equality, and stimulate the potential of women in this field.

Source: Gemini survey results show that there are still more men than women speculating in currencies.

ETFs drive diversification of U.S. cryptocurrency investments

In addition to the investor gender analysis, the report also mentioned a new development in the U.S. cryptocurrency market – the popularity of cryptocurrency exchange-traded funds (ETFs). 1 in 10 U.S. investors surveyed have invested in cryptocurrencies through ETFs. These ETFs are particularly popular among investors who want to participate indirectly in the cryptocurrency market.

Source: Gemini survey results show that 1 in 10 people invest in cryptocurrencies through ETFs

In January 2024, the U.S. Securities and Exchange Commission (SEC) approved 10 spot Bitcoin ETFs, followed by eight more Ethereum spot ETFs in May. These funds allow investors to buy shares linked to the price of Bitcoin and Ethereum through the stock market without directly holding the crypto assets themselves. This not only reduces investment risks, but also provides the public with a more convenient way to invest in cryptocurrency.

Gemini reports that the launch of these ETFs is one of the most successful financial products of all time, indicating that market demand for cryptocurrency-related financial instruments is increasing. As more similar products become available, it is expected that cryptocurrency investment will become more diversified in the future and attract more investors from different backgrounds to enter the market.

[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.