Gender gap: crypto and alternative investments
Welcome to our #234 weekly newsletter.
“For women taking control of their financial future”
-Jana Hlistova
From The Purse
In this week’s newsletter, we highlight a survey which sheds light on the gender gap in crypto and alternative investments.
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And you can review the news in brief so you stay on top of global financial, economic and investing trends.
I hope you enjoy this week’s newsletter.
Until next week,
Jana
Gender gap: crypto and alternative investments
A survey by Linqto highlights the gender discrepancies in investment preferences.
Based on a survey by investment fintech Linqto, there are significant gender discrepancies in investment preferences, as reported by Crypto Briefing.
Linqto is the world’s first financial technology investment platform which democratises access to private markets for accredited investors.
Founded in 2020, Linqto now has more than 750,000 users across 110 countries who have invested over $350 million in upwards of 60 companies.
Linqto grants investors access to dynamic private companies and prominent unicorns such as Ripple, Circle, Brex, Epic Games, Acorns and more.
Accredited investors gain early access to these companies for a $5000 investment, or as low as $2,500 for select companies.
Here are the results of their survey:
52%+ male respondents invest in crypto vs 26% of female respondents
43.6% of men have invested in alternative investments this year
30%+ of men dedicated at least a quarter of their portfolio to crypto
23.3% of women have made similar investments
16.4% allocating a comparable portfolio percentage.
48.5%+ of men expressed much more confidence in non-traditional investment markets vs 265 of female investors.
Overall, 56% of respondents identified emerging technologies and artificial intelligence Interest in emerging technologies and artificial intelligence was also noted, with 56.4% of respondents identifying these as sectors of interest, alongside digital assets at 39%.
According to Joe Endoso, the CEO of Linqto:
“…The results of this survey indicate a strong demand for digital investments and alternative assets, specifically in the emerging technology, AI and crypto sectors. These findings align with Linqto’s mission to provide investment access to highly sought-after companies that are traditionally difficult to access but offer a diversified portfolio…”
What next? (Re) read:
Women: why invest in crypto and how to derisk your investment
The launch of the spot bitcoin ETF and how engaged are women in crypto investing?
News in Brief
Financial news
FTSE 100 hits record closing high again, despite BoE chief economist warning against cutting interest rates too soon.
US economy expands at 1.6% rate in Q1, trailing all forecasts. Main growth engine – personal spending – rose at a slower-than-forecast 2.5% pace. But a closely watched measure of underlying inflation advanced at a greater-than-expected 3.7% clip.
Hawkish US Fed repricing extends: traders push back the timing of the first Fed rate cut to November or December after hotter than expected Q1 Core inflation.
Europeans ‘less hard-working’ than Americans, says Norway oil fund boss. Nicolai Tangen finds US investments more attractive due to weaker regulations and more risk-taking: “There’s a mindset issue in terms of acceptance of mistakes and risks…”
Alphabet closed $2tn+ in market cap for the first time ever. Latest market cap rankings: Microsoft ~$3tn, Apple ~$2.6tn, Nvidia ~$2.19tn, Alphabet ~$2.1tn. Energy ($1.82tn), Materials ($1.01tn), Utilities ($1tn), and Reits ($0.92tn) subsectors each clocking in below $2tn in market cap.
Crypto: bitcoin, ethereum, DeFi & NFTs
Bitcoin market inertia is dragging on, and a BTC price drop over the next fortnight would correspond to classic post-halving behaviour. Bitcoin is currently trading at $63,085.
Bitcoin ETFs bleed badly as skittish investors cash out $218m. The substantial cash out comes after a key federal economic report indicated that the American economy grew slower than expected in the first quarter.
Over the past week, Bonk has made the biggest gains, according to CoinGecko data. The Solana-based token is up 58%.
Pepe shot up significantly: it posted gains of 36% this week and Floki, which has jumped more than 20% over the week.
Internet Computer founder says crypto has 'snake-oil’ problem.
Enthusiasm rises on stablecoin bill passage, but regulatory uncertainty remains
Consensys sues SEC, challenging its approach to Ethereum and seeking court intervention.
Internet Computer founder says crypto has 'snake-oil’ problem.
Yuga Labs ‘lost its way’ Says CEO as Bored Ape NFT maker reveals layoffs. Bored Ape Yacht Club creator Yuga Labs is restructuring with an aim to get back to its smaller, scrappier early days.
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We’d love to hear from you. Get in touch with Jana via the The Purse website or tweet @jointhepurse and janicka. We do no provide investment advice. Please do your own research or speak to a financial adviser.
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