Cryptocurrencies can deliver quicker and more rapid returns, but they can also decline equally rapidly. (symbolic picture)
The craze for cryptocurrency has increased in India. Now not only men but women are also taking a lot of interest in the crypto market.
New Delhi. The craze for cryptocurrency has increased in India. Now not only men but women are also taking a lot of interest in the crypto market. A large number of Indian women believe that financial independence is the most important thing for them. According to the report of CoinSwitch Kuber, women are taking interest and women can be successful in the crypto market.
Why women are better crypto investors
According to market experts, two different factors make women better crypto investors.
First, women are savers. A study by Fidelity Investments has revealed that women keep about 8.3% of their income in savings. Whereas men save only 7.9% of their income. More savings means women have more power to diversify their investments into high-yield assets like cryptocurrencies.Also read- Good News: Edible Oil Gets Cheaper! Prices of these edible oils, including mustard, refined, fell, see latest rate
Second, women are more successful investors. Women evaluate risks in almost everything and minimize them in the best possible way. According to a research by Merrill Lynch, women investors weigh the risk before investing in any asset class. Hence, women investors can be more analytical with their investments. When investing in a volatile market like crypto, their alertness drives them to make the right decisions.
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Know today’s price of cryptocurrencies?
Today on Friday, June 18, there has been a decline in the prices of cryptocurrencies (Crypto price on 18 June). The global cryptocurrency market cap stands at $1.57 trillion, a decline of 2.39 percent from the previous day. Bitcoin is currently priced at $37,473.16, down 0.05 percent today.