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

The survey also found that roughly 25 percent of millennials are interested in investing in cryptocurrencies over the next year.

Sep 14, 2018 at 6:36 p.m. UTC
Updated Sep 13, 2021 at 8:23 a.m. UTC

One in four Millennials are interested in investing in cryptocurrencies over the next year, a new poll finds.

Crypto finance company Circle conducted a survey of more than 3,000 individuals earlier this week, finding that a majority of Millennials believe themselves to be "aggressive" investors in the technology. Members of other demographics, including Generation X and Baby Boomers, were also polled.

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

Notably, the results found that nearly twice as many men invest in cryptocurrencies when compared to women. Forty-two percent of male Millennials, 34 percent of men identifying in Generation X and 16 percent of male Baby Boomers have looked into asset classes like cryptocurrencies, versus 27 percent of Millennial women, 19 percent of Generation X women and 9 percent of female Baby Boomers.

Separately, and perhaps unsurprisingly, the survey found that as investors get older, the percentage of "aggressive" investors drops, 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, with its report revealing 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

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