How Can We Welcome More Women Into Bitcoin?
If people believe Bitcoin is a solid financial asset with asymmetric upside potential, then it is imperative that women engage with it. If investors are suspected to end up with financial gains whether or not women adopt it on a larger scale, why then make a gendered push for more women to adapt it?
Truth is, Bitcoin represents the future the same way internet did in the 90's. Women then, should get ahead of adoption to better their personal financial standings. Women are half the worlds population, but only 7% of women invest in cryptocurrency compared to 16% of men. 75% of all cryptocurrency holders are men. While India has the most crypto owners in the world (100 million) only 15% are women. Take into account the multifaceted global gender wage-gap and minorities getting paid less on average, and you would think that use of the worlds hardest money would take hold quicker to reduce this inequality!
There is a terrible history of 'Coverture', the legal practice that ensured no female had a legal or financial identity. In 1971, women were not allowed to get a credit card in their own name, couldn't serve on a jury, couldn't get an Ivy League education, or even obtain health insurance at the same monetary rate men did! It's only been 50 years since then, and while on paper women now have those rights, there is a societal hangover from the damage done from such oppression.
Today, culture is more defined and shaped by diversity and equality. Bitcoin is prime to empower women as a protest against financial inequality and corruption. Bitcoin can topple elitism and exclusion. We, as a society and as mostly male crypto investors, must better promote the Bitcoin ethos and work to break oppressive financial chains. We need to engage in hard reflections about our views and motivations towards crypto as a whole, and admit that any biases we have towards the sexes, be they subconscious or societally perpetuated, need to be fought against actively. To become an ally of women we all need to break silence when the undertones of oppression and misogyny spur up.
We can look towards powerful females within this space, Meltem Demirors, Cathie Wood, Lyn Alden, Elizabeth Stark, Joyce Kim, Kathleen Brietman, Tiffany Hayden, Lily Liu, Noelle Acheson, and more. It is imperative we change the "crypto bro" culture. Strong females will help bring more women (and men) into the cryptoverse.
Men and women are more alike than different. Bitcoin is the future of finance, and I want all humans of all genders to have a slice of that pie. As we diversify the blockchain community it will become stronger and work in everyone's favor.
It may simply be that in many parts of the world men still largely control household expenses and money, and therefore also the investments. That may be all there is to it really.