Norwegian women up crypto adoption

Norwegian women are beginning to catch up to their peers from other countries with a new survey showing an increase in crypto adoption among female consumers in the country.

In a survey conducted by Arcane Research and Ernst & Young, the rate of female ownership has increased to 6% as of March 30 this year.

The survey factored in 1000 Norwegians over the age of 15 and was conducted in partnership with leading data collector and market research company NORSTAT, which focuses on the Northern European market.

Two-thirds of female respondents said that they purchased their first crypto in 2021, suggesting that awareness may increase in the coming years.

Male ownership went from 6% in 2019 to 14% in 2022. According to the survey, close to 10% of the Norwegian population, or some 420,000 people, now have some form of cryptocurrency they intend to continue investing in in one form or another.

Female consumers have been slower to adopt cryptocurrency, with most people citing a more risk-averse investment style among women.

However, the trend towards more equal participation of male and female investor is beginning to look up, not just in Norway but in Turkey, where women make up almost half of all crypto investors in the country.

Crypto is turning out to be a democratizing asset whereby no central authority or cabal controls the blockchain, allowing more investment-driven female consumers to make the first step without having to rely on a male superior or anyone else to advise them or allow them to buy into crypto.

Another area where crypto is democratic is when used for gaming. Half of the world’s casino gamers are women, and you can spend your crypto playing at casinos such as Bitcasino, 1xBit or FortuneJack.

Source

Updated: 04/01/2022 — 14:00