ZoneBitcoin EditorialA new study of Forex Suggest analyzed global statistics of cryptocurrency owners to better understand the role of women in the world of cryptocurrencies in 2023.
Note that it is not easy to know precisely the figures of cryptocurrency holders and to be able to distinguish between sexes. It is even more difficult to estimate the share of women regarding bitcoin only, excluding other cryptocurrencies. However, the methodology used by Forex Suggest involved conducting polls, user surveys while analyzing data provided by exchanges and crypto-related companies.
1/ Vietnam (24,4%)
Vietnam is the country with the highest proportion of women owning cryptocurrencies, with almost 24% of them owning cryptocurrency. The country also has the most gender-balanced adoption with 53% men and 47% women among cryptocurrency holders.
2/ The Philippines (9,64%)
In second place, we find the Philippines in the list of countries with the highest proportion of women cryptocurrency owners, with a percentage of 9,64%, which represents almost 5,5 million women cryptocurrency holders. The population of the Philippines was very active during the period of the Covid-19 pandemic, particularly in play-to-earn games and more particularly with the game Axie Infinity.
3/ India (9,18%)
While India is the leading country in terms of bitcoin adoption in the world, it records a significant place in terms of female adoption with more than 9,18% of Indian women owning cryptocurrencies. This represents more than 60 million women, approximately the equivalent of the overall French population. Remember, however, that the overall Indian population is estimated at 1,4 billion people.
4/ Venezuela (8,42%)
Fourth place is occupied by Venezuela with 8,42% of Venezuelan women who own cryptocurrencies. You should know that Venezuela ranks first in Latin America in terms of the percentage of women owning cryptocurrencies.
5/ South Africa (7,60%)
In fifth place, we find South Africa with more than 7,60% of the female population indicating they own cryptocurrencies. South Africa occupies an important place in the adoption of Bitcoin in Africa by having many blockchain-related companies established in the country.
6/ Singapore (7,51%)
Bitcoin adoption among women in Singapore is significant with 7,51% of women owning cryptocurrencies in the country. It is the first country with a high GDP per capita to be included in this list. Singapore is renowned for being a crypto-friendly country, particularly attractive for its high level of digital connectivity and growing interest in fintech.
7/ United States (6,88%)
In 7th place, we find women living in the United States who own 6,88% of cryptocurrencies. The USA is a leading country in the adoption of cryptocurrencies on several levels: It is one of the countries with the most bitcoin miners, the country with the largest crypto companies and overall, the most educated population cryptocurrencies and blockchain.
8/ Brazil (6,63%)
Bitcoin adoption by women in Brazil follows a similar trajectory to many others Latin American countries. Nearly 6,63% of Brazilian women say they own cryptocurrencies. Brazilian women are becoming more and more involved in the cryptocurrency ecosystem, whether as investors, users or professionals in the sector.
9/ Nigeria (4,25%)
It is the second African country on the list with 4,25% of the female population in Nigeria owning cryptocurrencies. Nigeria is the first country in Africa in terms of bitcoin adoption, with a population that massively uses cryptocurrency exchanges, judging the volume of transactions on archangel platforms, particularly peer-to-peer.
10/ Argentina (4,22%)
Argentina has faced economic challenges in recent years, sparking interest in cryptocurrencies as a hedge against inflation and financial woes. Women in Argentina own 4,22% of cryptocurrencies.
Final word on women owning the most cryptocurrencies
From this list, we can conclude that the adoption of cryptocurrencies is experiencing constant growth and is affecting more and more women around the world. It can be noted that women with the most cryptocurrencies are mainly part of developing countries, with low or intermediate GDP per capita. So, there are only 2 out of 10 countries on this list that are developed countries, namely Singapore and the United States.
This confirms studies carried out by Chainalysis which showed that developing countries were those which recorded the greatest profits with crypto-assets. This attraction for cryptocurrencies is explained in particular by the fact that Bitcoin offers a first-class alternative to the banking and financial system which often proves to be failing in these countries.
More generally and within the crypto industry, the study shows us a huge disparity between the number of male and female CEOs, with only 6% female CEOs. Work for greater inclusion of women is therefore necessary, especially since many experts believe that integrating women into the industry could make it more effective.
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