Why are there fewer women Than men involved in Bitcoin?

[Text]

Even back when I was still studying during my college days, there were really only a few women enrolling in computer studies, such as computer science and information technology courses. It seems that even until now, women are still discouraged from pursuing careers in the STEM field. For me, maybe women are not necessarily less inclined toward technology compared to men. The tech industry has been dominated by men for a long time, and it's deeply rooted in educational backgrounds. Also, based on studies, women tend to be more risk-averse in their investment choices.

[G_Besar]

When I checked the statistics of women who are into Bitcoin and found out that they are less than 10%, it surprised me seriously. It is understandable when we see fewer women than men in sectors that require physical energy to carry out work activity like the military or in the engineering sector but when you still see this same work force difference in the tech and Bitcoin space that they can comfortably do at the comfort of there home, it gets me curious to know the reason that might have been responsible for this huge gap.

I would appreciate if we can talk about this here. What could be responsible for this?

Maybe the reason for this is the limited time that married women have, but for women who are not married or married, it is because they prefer to play around rather than learning something that can make money for them. That's what I've seen around me so far so I wouldn't be surprised to see that there are more men who like Bitcoin than women until now and even next year too.

Another reason that could be a trigger for this is that there are no people who want to tell women to like Bitcoin instead of liking the handsome men they love as their partners in life. So this could also be the cause of the big gap in women liking Bitcoin, although there are also other reasons such as their lack of curiosity about Bitcoin. So their days are spent on other things rather than finding out about Bitcoin via the internet or people around them.

[Assface16678]

Well, we know why in the first place. I dont want to stereotype, but most women or women don't have interest in complex things, and bitcoin or crypto currency is one of them. They are more interested in girly stuff, but there are some women who do cryptocurrency; they are the ones that are money-oriented and want to earn more money and discover bitcoin. As we know, bitcoin is not widely known, so it's natural that many women don't know that. The only way to discover bitcoin is by surfing the internet or spending more time online, which is usually a man's thing, as we like to play online or online.

Anyway, we can't just make the women like bitcoin; they don't like complex things such as bitcoin, and they much prefer a way to earn that doesn't require them to understand the complexity of bitcoin. Of course, bitcoin is risky and can be stressful.

[Vaskiy]

Women are not much into technology based industry. Majority of the women were interested in service based industry. They doesn't want to risk, they find it good to stay pressure free. Another thing, women always finds a job with which she can spend good time with kids. Various reasons can be framed for the less involvement of women into bitcoin. I don't find the 10% is real, maybe they aren't active. Good number of women is involved with regular addition of bitcoin to their portfolio looking for long term profit.

[SamReomo]

I would appreciate if we can talk about this here. What could be responsible for this?

Well, Bitcoin is something that's for the ones who are good at technology and I believe that most women don't really care much about technology and financial things because they mostly want to earn and spend and that's how they do while men are good at technology and also at financial things and they mostly want to be rich and have good status in a society.

I have seen many women who really don't care much about money because they believe that if men are earning money then they can spend that money for the shopping purposes. Especially, in South Asia very few women want to do any kind of thing that would make them money, the number of women as sellers is also low, and their number is also low in real estate.

Those women who are interested in Bitcoin are pretty good at technology and at the same time they have business mindset which most of the women don't have by nature or because of the rules of the society. I would say "Thumbs up," for those women who are interested in Bitcoin because they will be very few in number but they understanding about finance is as good as men. In fact, I believe that women can handle most of the things better than men.

[kingvirtus09]

When I checked the statistics of women who are into Bitcoin and found out that they are less than 10%, it surprised me seriously. It is understandable when we see fewer women than men in sectors that require physical energy to carry out work activity like the military or in the engineering sector but when you still see this same work force difference in the tech and Bitcoin space that they can comfortably do at the comfort of there home, it gets me curious to know the reason that might have been responsible for this huge gap.

I would appreciate if we can talk about this here. What could be responsible for this?

Where did you get the figures where the woman is smaller? Is there any record that can be shown to prove that there are fewer women here in cryptocurrency?

Then one more thing: given the fact that there are fewer women in the cryptocurrency field, I don't see a problem with that either. Why is there a problem if they only have a little OP? What is your point on the topic you have chosen?

[serjent05]

I am really curious why there are more men and women that is involved  not only in Bitcoin but in fintech as a whole.  So I tried to search for reasons and I stumbled one article that gives six reason with statistics and explanation why there is more men than women in crypto space.  The article[1] stated these reasons as:

1. Crypto often starts as a side hustle

This side-hustle culture might attract more men than women because women of all generations are still largely responsible for childcare, housekeeping duties, grocery shopping, and meal prep. Married women with children dedicate nearly twice as much time to cleaning, childcare, and housework compared to their husbands.

2. Crypto is portrayed as the next generation of tech bros

The problem isn’t that these guys exist—many of them are doing great work. The problem is that when this narrative is played over and over again, it can feel like there’s no space in it for women.

This narrative becomes a self-fulfilling prophecy. The “tech bro” becomes such an enduring trope that people can’t imagine life without him around, making some cool new startup that will bleed money for years before getting bought by a FAANG. They even start wearing those zip-up sweatshirts to look like a tech bro. And crypto falls right in line.

3. Crypto is for risk-takers and women aren’t encouraged to take risks

Studies show that women are more risk-averse than men. And crypto, as we know from the rollercoaster-like dips and pumps (as well as some keep-you-up-at-night-worthy regulatory uncertainty) that we experience on a weekly basis, is rather risky. But do women really feel that risk-averse that they can’t hold some blue-chip tokens?

4. Crypto requires hard skills, like comp-sci and finance

They’re heavily male for many reasons—men were historically pushed toward math, finance, and hard sciences. Boys are socialized to experiment with science and math-brain-oriented toys, like legos, at a young age. Gender norms, such as who is the “breadwinner” in the house, are trickier to erase than we think.

But crypto extends far beyond these hard skills. It’s just not well understood.

5. Crypto is for people who only talk about money

It’s possible that women don’t talk about money because of the way they’re treated when they do have money. It’s also possible that the old adage of men being breadwinners prevents women from talking about it.

6. Crypto is an anon-friendly space

But, when I was on the outside of crypto looking into this anon-dominated space, I was a little worried. Anon spaces have historically been hostile to women. Forums on anon-dominated platforms, like Reddit and FourChan are not places that women often traffic. I’m sure you’ve heard of movements like these. Anonymity is, unfortunately, one of the main tools that allow these movements to persist.

If anyone is interested to read detailed information of the list  they can read the link given below.

Here is another statement that may probably explain why there is less women in the Bitcoin industry:

When did the Gender Gap in Crypto Begin?
Major players in today’s cryptocurrency and blockchain companies were born from other male-dominated industries, like Finance and Tech. This gap can be traced back decades, to the days when women weren’t legally allowed to manage their own finances without male supervision. While men were gaining financial literacy, women were left out of the conversation.It is no surprise that those who were welcomed into the finance and technology industries would be at the forefront of these emerging digital trends. Advancements within the digital industry, such as the rise in popularity of cryptocurrency, the metaverse, and NFTS have seen the same gender involvement issues as in traditional finance. So why, even in 2022, are women feeling excluded and being left behind in the conversation?

[1] https://www.bankless.com/6-reasons-why-there-arent-more-women#

[n00ber]

When I checked the statistics of women who are into Bitcoin and found out that they are less than 10%, it surprised me seriously. It is understandable when we see fewer women than men in sectors that require physical energy to carry out work activity like the military or in the engineering sector but when you still see this same work force difference in the tech and Bitcoin space that they can comfortably do at the comfort of there home, it gets me curious to know the reason that might have been responsible for this huge gap.

I would appreciate if we can talk about this here. What could be responsible for this?

What data do you rely on to know that there are less than 10% of women in bitcoin? Investing in bitcoin can remain private and many people are not willing to go public. How can you know that? I agree that the number of women participating is not more than men, but it cannot be said that the number of women participating in bitcoin is very small, less than 10%. I know a lot of women in my country are involved in cryptocurrency investing, they are even more prominent than men.

[Antotena]

When I checked the statistics of women who are into Bitcoin and found out that they are less than 10%, it surprised me seriously. It is understandable when we see fewer women than men in sectors that require physical energy to carry out work activity like the military or in the engineering sector but when you still see this same work force difference in the tech and Bitcoin space that they can comfortably do at the comfort of there home, it gets me curious to know the reason that might have been responsible for this huge gap.

I would appreciate if we can talk about this here. What could be responsible for this?

I will take that stats with a pinch of salt, I don't take information without source or proof because the privacy bitcoins offer us, we are free to protect it the way we want. A man can be using a wallet for all she care but anonymously behaving like a man especially when they are not KYC on any exchange. So, saying that 10% represents women in bitcoin might not be really enough proof because you don't have a concise data to proof it.

Bitcoin was too complex many men in it early days, you should know how many women will find it difficult to set up a wallet. But things are now becoming less stress because with a simple hardware ledger, you can set up a wallet address under 10 minutes for beginner and do what you like; for those that like exchanges also use it now especially the ladies that love money, the minute they hear that bitcoin is pumping, all they think of is how to get money from it even when they don't understand it, bitcoin is always given awareness.

[Youngkhngdiddy]

When I checked the statistics of women who are into Bitcoin and found out that they are less than 10%, it surprised me seriously. It is understandable when we see fewer women than men in sectors that require physical energy to carry out work activity like the military or in the engineering sector but when you still see this same work force difference in the tech and Bitcoin space that they can comfortably do at the comfort of there home, it gets me curious to know the reason that might have been responsible for this huge gap.

I would appreciate if we can talk about this here. What could be responsible for this?

   Lots of reasons, the first one being that cryptocurrency is basically investment, and women represent a small minority of the investment population. Why is that, when they control 90% of purchase decisions in the US (and a growing percentage of personal wealth)? Generally, because women are more risk averse. They often view themselves as financially responsible for both themselves and their families, and see risk as not just personal loss - but loss to potential future benefit of children that would not be recoverable. Men tend not to see risk in this fashion, focusing on potential personal gain and viewing loss as generally recoverable.
   Women are also in shorter supply in the tech industry as a whole (for some fairly exhaustively covered reasons), where blockchain and crypto originated. In addition, women rarely gather to discuss financial topics or potential investments - an issue I find highly disheartening. Men do discuss these things, as they seem to find it informative and fairly impersonal, while women seem to find it somewhat threatening (worrying about how they are perceived or how much they know) and quite invasive.

[btc78]

The truth about this is that most women do not  have the strength to withstand the pressure of Bitcoin volatility. A woman is not as strong as a man when it comes to handling some issues. Women that are into Crypto today paid the price. Not all women like to go to that length to subject themselves to stress and things that can make them develop High blood pressure.
Another thing is that women are busy with keeping the house and other easy business. But with the way the world is going and the level of education in the world, there will be more and more ladies in the crypto space.

The post I quoted would, honestly, be offensive to some women. I will agree (re: "keeping the house") women are often more "financially protective" and less likely to take risks than men. Sometimes, keeping the house doesn't mean cleaning and Women's work, it literally means do not lose the house by messing up financially. From the start the Bitcoin Community has seen many more men present than women, it has improved in recent years.

it was offensive and a very old-fashioned way of thinking not all women are married and have devoted themselves to being housewives i’m glad you said this because this might be one of the reasons why there’s less women than men in the cryptocurrency scene

aside from that, i also believe that just the overall lack of information regarding cryptocurrencies in my country is a reason why is that there’s a lot of women in stem (science, tech, engineering, math) and we’re seeing an incline in this field even until now

[taufik123]

What data do you rely on to know that there are less than 10% of women in bitcoin? Investing in bitcoin can remain private and many people are not willing to go public. How can you know that? I agree that the number of women participating is not more than men, but it cannot be said that the number of women participating in bitcoin is very small, less than 10%. I know a lot of women in my country are involved in cryptocurrency investing, they are even more prominent than men.

It may be quite difficult to determine the data of female users who own Bitcoin.
But if based on gender, of course, data can be obtained quite easily.

As in Crypto Owner data by Gender and age of users in 2023.

It can be seen how the dominance of men as crypto users is more than women.
Women only dominate crypto at around 30%.



And for age-appropriate crypto users, young people aged 25-34 years are quite dominant,
because indeed young people are more interested in Crypto, and some users over the age of 35 also have a good interest.

https://datareportal.com/reports/digital-2023-deep-dive-trends-in-online-finance

[bluebit25]

I'm skeptical about the statistics on this issue. Although I can accept that this ratio is different, and not just in the cryptocurrency environment but in most different areas of life. Maybe the problem is due to society's prejudices about the male/female factor, but it can be seen that if we don't consider it a problem, it's no longer complicated. And I think there are many cases of women who have succeeded in this field, when they also have people who have important positions in the field. So I think gender equality appears in every field although it has its own problems, but in the crypto environment we are completely confident that the issue of equality is always present.

[retreat]

The reason is because men tend to be willing to take risks and like technical things, compared to women who think that things like Bitcoin are too risky and complicated to understand. And because of this, most women take jobs that are certain and have less risk, such as opening a small business, working in an office, or being a housewife. Hence why in the crypto world most men take part in it and there are fewer women in this field.
Maybe in the future there will be more women taking part in the crypto world in line with the development of the crypto market and increasing public education about Bitcoin.

[Hamza2424]

When I checked the statistics of women who are into Bitcoin and found out that they are less than 10%, it surprised me seriously. It is understandable when we see fewer women than men in sectors that require physical energy to carry out work activity like the military or in the engineering sector but when you still see this same work force difference in the tech and Bitcoin space that they can comfortably do at the comfort of there home, it gets me curious to know the reason that might have been responsible for this huge gap.

I would appreciate if we can talk about this here. What could be responsible for this?

There's a typical answer to this AFAIK according to my social learnings, here in our society mostly men take care of the financial responsibilities, I'm not saying women don't but mostly men take of the financial responsibilities of the family, and Women take care of the House, Relations with other families etc etc.

Whether it's a Digital platform or a Physical workplace, you'll always find mostly men working to fulfill the needs of the family somehow, but after the COVID-19 crisis, I have seen many women also coming to freelancing and work-from-home platforms to provide their services to financially support the family. So nothing is shocking dear OP. I'm sure the number will be changing in the near future but it really doesn't matter whether Men or Women adopt Bitcoin's network and take it as a mode of payment or financial stability by making significant investment time to time.

[Blitzboy]

Many factors contribute to the lack of female Bitcoin users, including social standards and educational trends. Consider that IT and finance are male-dominated, making it difficult for women to enter. Could social preconceptions and a lack of role models be to blame for this gap? Of course.

The low ratio of women in Bitcoin isnt just due to external restrictions. Maybe men and women have different risk thresholds and financial choices. Women are less risk-taking with money, according to research. Lets not simplify. Many personal, national, and social elements influence people's decisions.

Closing this gap requires focused programs like inclusive education, mentoring, and community assistance. How can we make Bitcoin more accessible to women? New viewpoints will be added to the field.

[Synchronice]

When I checked the statistics of women who are into Bitcoin and found out that they are less than 10%, it surprised me seriously. It is understandable when we see fewer women than men in sectors that require physical energy to carry out work activity like the military or in the engineering sector but when you still see this same work force difference in the tech and Bitcoin space that they can comfortably do at the comfort of there home, it gets me curious to know the reason that might have been responsible for this huge gap.

I would appreciate if we can talk about this here. What could be responsible for this?

And how did you get that statistics? I think there doesn't exist any real statistics regarding to men/women involvement ratio in crypto because the nature of crypto is such that it protects basic privacy. You don't need to fill your full name, birthdate and gender when you download and run Bitcoin Core, Electrum and Sparrow.

But I think fewer women than men will be involved in Bitcoin because women rarely go in tech, especially if woman is beautiful. Simply, there are easier and more effective options for them while men can't sell their beauty and still in too many countries, men have to take care of families while women have to stay at home and raise children. This pushes men to look for many options and that's how many of them discover bitcoin and cryptocurrencies.

[Essential10]

I don't know for sure that there are less women than men in bitcoin but if the question arises in bitcoin investment, women or men invest more. Then I would say definitely male. In most cases the head of a family is the father/husband, who heads all the family activities. In Maximum Family all financial decisions are made by the head of the family. But the present time is different, now there is no difference in the society, now any decision is taken by both men and women. There was a time when women were deprived of rights in developing countries, but now women are becoming more proactive and investing because of equal rights between men and women. Although it is only a matter of time, the gender gap in Bitcoin will disappear in the future.

[terrific]

Women are less interested in technology matters and they're more into beauty, kitchen and other women things.
But we still see some women that are also with us on this market because it's all about the interest that they have. Some women intended to get into Bitcoin because of what they've learned about it and it's all about the money, anyway, men and women have both interest in terms of money. 

[Ale88]

When I checked the statistics of women who are into Bitcoin and found out that they are less than 10%, it surprised me seriously. It is understandable when we see fewer women than men in sectors that require physical energy to carry out work activity like the military or in the engineering sector but when you still see this same work force difference in the tech and Bitcoin space that they can comfortably do at the comfort of there home, it gets me curious to know the reason that might have been responsible for this huge gap.

I would appreciate if we can talk about this here. What could be responsible for this?

I don't think there is someone that could be pointed out as responsible for this, it's just that this field, and even finance in general, is probably more attractive for men rather than women. If a woman is interested in bitcoin/finance she can pursuit that interest, no one is going to stop her. I don't know about you but I'm not sure I know a single woman that is actually interested in investments.