Circle Survey Finds Twice As Many Men Invest in Cryptocurrencies As Women

One in four millennials are interested in investing in cryptocurrencies over the next year.

Crypto payments startup Circle conducted a survey of more than 3,000 individuals earlier this week, finding that a majority of millennial investors believe themselves to be “aggressive,” according to the results. Three different generations were interviewed – millennials, generation x and baby boomers.

The Goldman Sachs-backed payment platform used Survey Monkey to collect its results, though only it only published responses from users who identified as “aggressive investors.”

Notably, the results found that nearly twice as many men invest in cryptocurrencies than women, showing that 42 percent of male millennials, 34 percent of gen x-ers and 16 percent of baby boomers have looked into asset classes like cryptocurrencies, versus 27 percent of millennial women, 19 percent of gen x-ers and 9 percent of baby boomers.

Separately, and perhaps unsurprisingly, the survey found that as investors get older, the percentage of “aggressive” investors drop, from 65 percent of millennials to only 25 percent of baby boomers.

The insight that women are a minority in the crypto space is not novel. The social trading platform, eToro, surveyed its users this past May. Their report revealed that only 8.5 percent of all users were women. As of March, the company had over 9 million users.

Business miniatures image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.