Swedish Investors Fall Behind in Crypto Adoption, with Women Missing Out Even More—Men Three Times More Likely to Invest
November 07 2024 - 12:00AM
UK Regulatory
Swedish Investors Fall Behind in Crypto Adoption, with Women
Missing Out Even More—Men Three Times More Likely to Invest
Swedish Investors Lag Behind European Peers
in Cryptocurrency Adoption, with a Significant Gender Disparity in
Participation
7th November 2024 | SAINT HELIER, Jersey
| CoinShares International Limited (“CoinShares” eller “Koncernen”)
(Nasdaq Stockholm: CS; US OTCQX: CNSRF), Europe’s leading
investment firm specialising in digital assets, today announced
findings from a new survey conducted with Novus, revealing that
Swedish investors lag significantly in cryptocurrency adoption
compared to their European peers. While only 9% of Swedish
investors have ventured into crypto, the gender gap is stark, with
men six times more likely to invest in digital assets than women.
Notably, 8% of female investors1 in Europe have invested
in crypto at least once, compared to only 2% in Sweden.
Bitcoin has delivered an average annual return
of 103% between 2015 and 2022, considerably outperforming the
Stockholm Stock Exchange's 10% average. Studies show that adding
bitcoin to portfolios has enhanced risk-adjusted returns compared
to other alternative assets, yet Swedish retail participation
remains low. Among Swedish respondents, 16% of men reported
investing in crypto at least once, while only 2% of women have done
the same. Among men aged 18-34, that proportion climbs to 30%.
“Established players have broadly vilified
cryptocurrency, as reflected in these survey results. Negative news
around criminal activity and excessive volatility have been
amplified, deterring ordinary investors—particularly women—and
leaving Swedish investors lagging behind their European
counterparts. Seeing Sweden fall behind after leading as early as
2015 is disconcerting. Moreover, seeing the traditional divide
between men and women being replicated in 2024 is even more
alarming,” stated Jean-Marie Mognetti, CoinShares' CEO.
One in Three Swedes Open but Uncertain
About Crypto
The survey highlights a large, hesitant segment,
with nearly 30% of respondents undecided about crypto investments.
Gender differences are also evident here: 22% of men aged 18-34
express interest in crypto, compared to only 6% of women in the
same age group.
The primary obstacle for women remains
knowledge, with 58% of those surveyed stating they lack sufficient
understanding of how crypto works, compared to 50% of men.
“Two critical deficiencies exist. First, a
knowledge deficit, which all cryptocurrency stakeholders, opinion
leaders, and the Swedish media must address through educational
programmes to uphold Sweden's position as a centre of excellence in
Europe, as demonstrated by the success of Swedish tech startups
over the last 30 years. Secondly, a gender disparity, with Swedish
women investors lagging behind both their male counterparts and
other Western European women. CoinShares aims to tackle this
imbalance by supporting initiatives for women investors,
particularly those led by female finance and technology influencers
who can inspire future generations,” Mognetti added.
OM COINSHARES
CoinShares är ett ledande europeiskt investeringsföretag
specialiserat på digitala tillgångar, som erbjuder ett brett utbud
av finansiella tjänster inom investeringsförvaltning, handel och
värdepapper till ett brett spektrum av kunder, inklusive företag,
finansiella institutioner och privatpersoner. Med fokus på
kryptovaluta sedan 2013 har företaget sitt huvudkontor i Jersey,
med kontor i Frankrike, Sverige, Schweiz, Storbritannien och USA.
CoinShares är reglerat av och lyder under Jersey Financial Services
Commission, i Frankrike av Autorité des marchés financiers, i USA
av the Securities and Exchange Commission, National Futures
Association och Financial Industry Regulatory Authority. CoinShares
är börsnoterat på Nasdaq Stockholm med tickern CS och på OTCQX med
tickern CNSRF.
För ytterligare information
besök: https://coinshares.com
Företaget | +44 (0)1534 513 100 |
enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 |
enquiries@coinshares.com
MEDIAKONTAKT
CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com
Prime Weber Shandwick
Daniel Wahlstrom
daniel.wahlstrom@primegroup.com
0739652412
1 Source:
https://cdn.bitpanda.com/media/Results_Crypto_Survey_Bitpanda_YouGov_08_2024_EN.pdf
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