More and more women are investing in cryptocurrencies

Cypriot eToro broker, which is famous for the so-called social trading (social trading) and the possibility of investing in ready-made investment portfolios similar to ETFs, he presented a portion of data on the interest in the cryptocurrency market within its platform.

The latest data unveiled by eToro shows that the increasing number of women who choose to invest is helping to fuel the rise in demand for cryptocurrencies such as Bitcoin i Ethereum. The proportion of women investing in BTC and ETH has increased to 15% and 12% respectively over the past year, up from 10% and 11% in early 2020.

The data shows that:

• In January, the number of fair sex investors who decided to invest in cryptocurrencies increased significantly - compared to the same period last year.
• Ethereum and Dash see the biggest month-to-month increase in global trading activity.

The average age is falling and interest is growing

Meanwhile, the data also shows that the average age of investors buying the two major cryptocurrencies has dropped globally in recent years. The average Bitcoin investor was 37 in 2017 compared to 35 now, while the average age of Ethereum investors has dropped from 35 to 32 over the same period.

The demographic changes came as the price of Bitcoin rose; the value of this cryptocurrency increased from around $ 8 to nearly $ 000 at the end of 30. This trend continued in 000, when Bitcoin hit an all-time high of $ 2020 in early January, just before the downturn period, and is now worth around $ 2021.

Data eToro platforms show that more investors than ever have benefited from this growth, and the number of investors in the two major cryptocurrencies has grown rapidly in the last 12 months.

In total, the number of people owning Bitcoin on the platform at the end of January 2021 more than doubled from the same period a year ago, recording a 106% increase. Ethereum is also following this path, with an increase of 82% year on year.

Ethereum also saw a significant rise in prices and hit a record high this week and was the second most traded cryptocurrency in January. Compared to the previous month, ETH saw a 313% increase in trading activity.

Meanwhile, Dash, the digital currency positioned as a direct rival to BTC, saw its biggest month-to-month growth rate of 348% last month, putting it back in the top XNUMX of the most popular cryptocurrencies.

XRP was the only cryptocurrency to record less trading activity in January than a month earlier. The token, which is the base currency of Ripple's real-time gross settlement system, has been restricted in trading for US eToro clients in recent weeks after US regulators have filed a lawsuit against Ripple. In February, the situation may be completely different due to a sharp rally on XRP at the turn of the month due to the activity of the so-called Redditists z #WallStreetBets.

Simon Peters, market analyst and cryptocurrency expert at eToro, said:

“The great attractiveness of the cryptocurrency sector is increasingly reflected in the diversification of the investor base. Looking at the numbers, it is not surprising that both bitcoin and ethereum are dominating January's trading activity after they hit a very good year. However, it is a market that is growing all the time and there are opportunities to invest in many cryptocurrencies as shown by the increased demand for alternative assets such as Cardano and Dash. Nevertheless, these assets are volatile and should only be used as a small part of your diversified portfolio. '

76% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you can afford the high risk of losing your money.

eToro is a multi-asset platform that offers both stock investing and CFD trading.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Past performance is not indicative of future performance. The trading history shown is less than 5 full years and may not be sufficient as a basis for an investment decision.

Copy Trading is not synonymous with investment advice. The value of your investment may go up or down. Your capital is at risk.

eToro USA LLC does not offer CFDs and does not make any representations or be responsible for the accuracy or completeness of the content of this publication, which was prepared by our partner using publicly available information about eToro that is not specific to entities.