The crypto winter is here but it's going to be a "warm winter", especially for female investors. Bitcoin may have fallen by more than half from record levels, but "there's so much more than that," said Edith Yeung, a general partner at Race Capital.
"In some sense, the 'warm winter' is basically going to push out everybody who really [wants to be] there for short-term gain," she told CNBC's Street Signs Asia last week, highlighting that cryptocurrency is a long-term play.
The term crypto winter refers to a prolonged period of depressed digital coin prices in the market.
A survey conducted by BlockFi shows that female generation Z and millennials who are new to investments are willing to put their money in crypto before anything else.
This October 24, U.S-based cryptocurrency company Blockfi released its latest edition of a crypto survey focused on assessing women's investment patterns. The results showed that one in ten women picked cryptocurrencies as their first investment.
Besides those results, in previous research, the Real Talk: Women x Crypto 2.0 survey, conducted in March of 2022, found that 33% of the women who already had invested started their journey with cryptocurrencies.
Among the respondents, 17% are millennials, while 11% are Generation Z or post-millennials. The survey aims for the data to generate honest and "real" conversations about the cryptocurrency world, its current state, and where it is headed in terms of overall adoption.
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