Study Finds How Gender Influences Your Bitcoin Investments

<p>Investor
globally moves to cryptocurrencies to prioritize enhancing their living
standards and overall quality of life, the recent Bitget's report unveiled. For
instance, 46% of South Korean investors aim to improve their living conditions,
while 36% of investors in Malaysia and Taiwan focus on boosting family income.</p><p>How People around the
World Are Using Cryptocurrencies</p><p><a href="https://www.financemagnates.com/tag/bitget/" target="_blank" rel="follow">Bitget</a>, a popular
crypto derivative and copy trading <a href="https://www.financemagnates.com/terms/e/exchange/">exchange</a>, has released a new study that
delves into crypto enthusiasts' financial goals and investment behaviors
worldwide. Conducted between May and August 2023, the study surveyed over 1,500
participants from 20 countries, offering a comprehensive look at how geography
and gender shape investment strategies in the crypto space.</p><p>The study
showed that global crypto investors' primary financial objectives are to
improve their living conditions and overall well-being.</p><p>To break it
down further, individuals from South Korea, Canada, and Turkey were most keen
on elevating their personal living standards, accounting for 46%, 44%, and 41%
of responses in these countries, respectively. On the other hand, investors in
Malaysia and Taiwan see crypto investments as a crucial tool for improving
their family's financial standing, with 36% of responses from these regions
focusing on this goal.</p><p>However, the issue of trust remains. <a href="https://www.financemagnates.com/cryptocurrency/survey-unveils-volatility-and-security-risks-in-crypto-industry/" target="_blank" rel="follow">According to a separate study</a>, one-third of cryptocurrency users currently do not trust centralized exchanges that offer trading and storage of cryptocurrencies.</p><p>Sex in Crypto Matters</p><p>The report found
that gender plays a significant role in shaping financial goals. In South Korea
and Japan, more female investors concentrate on personal finances.
Specifically, 49% of female investors in South Korea and 41% in Japan have this
focus, compared to 17% and 30% of male investors in these countries.</p><p>In Turkey
and the United States, about 27% of female investors use crypto investments to fund
their children's education. This starkly contrasts South Korea and Japan, where
the percentages are notably lower, standing at 5% and 4%, respectively.</p><p>Investment Amounts Differ
across Countries</p><p>Chinese
investors are particularly active, with 19% investing over $100,000 in
<a href="https://www.financemagnates.com/terms/c/cryptocurrencies/">cryptocurrencies</a>. On the other hand, in Europe, Turkey, and South Korea,
approximately half of the investors allocate between $1,000 and $10,000 for
their crypto investments. In addition, the rising number of European fintech companies <a href="https://www.financemagnates.com/fintech/crypto-becomes-the-go-to-for-1-in-3-european-fintechs-amid-70-funding-plunge/" target="_blank" rel="follow">is moving toward adopting cryptos</a> and offering services in the digital asset industry.</p><p>An earlier
report by Bitget from August showed that among cryptocurrency traders, the most
profitable group <a href="https://www.financemagnates.com/cryptocurrency/gen-z-dominates-crypto-copy-trading-space-85-make-profit/" target="_blank" rel="follow">is the youngest investors</a>, representing Generation Z.
According to the study, as many as 85% of them report income. Interestingly,
investors under the age of 25 account for nearly half of all transactions in
cryptocurrency copy trading.</p><p>The Bitget
study not only reveals a variety of motives but also identifies common threads
that reflect different stages of crypto adoption worldwide. The exchange plans
to continue its research to understand better changing user behavior.</p>

This article was written by Damian Chmiel at www.financemagnates.com.