Twice as many men as women invest in cryptocurrency: survey

Sixteen percent of men were found to have invested in cryptocurrency, twice more than women at seven percent, according to a survey for CNBC and Acorn by Momentive.

The survey was conducted from August 4-9, 2021, among over 5,530 US adults, 2,980 of whom have invested in stocks, mutual funds, bonds, ETFs, or cryptocurrency.

Only 11 percent of people in the US invest in cryptocurrencies, with the industry unable to make inroads among women.

Crypto is the only financial vertical that has attracted more investment among younger adults than older adults, with 15 percent of those from 18 to 34 years old, compared with 11 percent of those from ages 35 to 64, and 4 percent from the 65 and older group.

Even though cryptocurrency hasn't broken down barriers in investing by gender, it has managed to do so by race.

People of all races are equally investing in cryptocurrency, with 14 percent of Asians, 11 percent of whites, 11 percent of Blacks, 10 percent of Hispanics, and 13 percent of other races.

Even though people of color invested in cryptocurrencies at higher rates than other investment realms, whites dominate the crypto market.

Sixty-two percent of cryptocurrency investors are white, 67 percent are men, and 66 percent are under 45 years old.