Cryptocurrency might have started with men and still be largely dominated by male investors, but from speakers to investors to co-founders, women are seizing opportunities in the growing field. Bizwomen explores the draw of cryptocurrency for women—especially millennials—and the opportunities it provides, especially as the industry gradually becomes more inclusive. Read more here and click through to explore factors that draw younger, innovative investors to cryptocurrency, and the opportunity we have now to take a different path in this new financial system.
As her very first investment, Camille Requiestas impulsively chose to put $500 into bitcoin.
Two weeks after making the investment in November, the price of bitcoin surged from $8,000 per coin to $20,000 per coin, according to The Wrap. Requiestas, a 28-year-old TV reporter in California, told The Wrap she excitedly watched her investment grow.
Requiestas is part of the growing number of Millennials choosing digital currency over traditional investments. A third of 18- to 34-year-olds would rather own $1,000 worth of bitcoin than $1,000 of government bond or stocks, according to a survey from Blockchain Capital. In addition to giving Millennials alternative investment options, cryptocurrency is opening up new opportunities for women in the financial industry.
“Bitcoin’s anti-establishment roots and decentralized system brings with it the hope for a new economy that puts people over corporations,” Julia-Carolin Zeng, spokesperson for BitcoinSportsbooks.com, told MarketWatch. “This is an extremely appealing message to Millennials who watched their job outlooks dwindle as the financial crisis unfolded in tandem with their first-ever entry into the job market.”
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