Bitcoin (and other crypto-currencies) are growing faster than any other asset in history and until relatively recently to participate you had to be very tech-savvy, male and in many cases hold a degree from an elite university. However, with every passing day the crypto landscape has grown to become increasingly open to all, no matter your gender, race, or even your credit score. The main requirements are access to the internet a little guts and some great help in getting there. In this article we’re going to discuss a growing yet understated factor that we’re seeing play out and this is the increasingly growing influence from women on the crypto markets.
Well-known and successful crypto investors include the likes of Elon Musk, Sam Bankman-Fried, and the Warwick brothers. But a new wave of crypto investors and influencers are emerging and changing the landscape, including women such as Tavonia Evans, Connie Gallippi, Rachel Siegal, and Wendy-O and ‘everyday’ women just like you and me.
Crypto has been stereotyped as an exclusive club for men in the tech industry. It’s often believed that if you are not hanging out on Reddit or Discord or if you are not a die-hard fan of Elon Musk and Mark Zuckerberg, then crypto isn’t for you. But change is in the crypto wind, with vegans, women of color, and stay-at-home moms not only investing in crypto but starting communities on platforms across the interwebs.
New frontiers are often explored by the young and curious, which is true of the crypto ecosystem. The new wave of people whos lives have been transformed by venturing into the crypto universe come from far and wide and include just about every sub-type across all demographics.
But aside from houselhold names like Elon Musk, who are these new wealthy people making money in cryptocurrencies?
Kieran and Aaron Warwick joined the ranks of Australia’s billionaires in late 2021 just as the testing phase of their new immersive video game drew near. The Illuvium co-founders have a fluctuating net worth, which is common with the volatility in the crypto world, so they’re sometimes “only” millionaires.
The brothers path to success came via their blockchain based role playing game built on Ethereum. Illuvium stores its data on the blockchain rather than a server and the games characters are inspired by extinct animals that earn tokens by collecting animals and battling other players. So players are not just racking up their score but are acquiring in-game assets that can be traded for cryptocurrency.
Sydney based Sergie saw a once-in-a-liftime opportunity and grabbed it by the horns. He secured bank loan and started buying Bitcoin when it was just $6 and has never looked back since. Sergie has gone on to found two crypto focused companies, one in HR and one for managing crypto assets as well as one of Australia’s largest recruitment companies.
Tavonia Evans is a data scientist, developer, and founder of Guapcoin. Its main mission is “to provide a sound and revolutionary economic base for the underserved, underestimated, and financially uneducated minority community.” The $Guap coin rewards users that put their spending towards Black-owned businesses and urban institutions.
Connie Gallippi is the founder of BitGive. Gallippi has taken a very different strategy than Sam Bankman-Fried’s when it comes to making a social impact with cryptocurrency. Rather than wait until she’s amassed billions, she’s using the power of the blockchain to create change now.
The nonprofit has partnered with NGOs worldwide, including Save the Children, Black Girls Code, Heifer International, and Code to Inspire and aims at leveraging Bitcoin and blockchain technology to benefit charitable organizations worldwide
Rachel Siegal doesn’t have your typical ‘tech-bro’ background commonly found in many crypto investors. Instead, the self-described millionaire went to college to learn Theater and later found work as a substitute teacher. This struggle gave her the insipiration and determination to find a way to stop living paycheck-to-paycheck and as she began educating herself on the world of cryptocurrency she started investing with just $25 a week.
The success she had led Siegal to found Crypto Finally, a platform with more than 85,000 users where she promotes and distributes her content for mass adoption of crypto currency. In addition to making money, she is trying to change how crypto is portrayed and make the space more approachable.
Wendy O started off as a low income healthcare worker and turned to crypto in 2017 to make a little extra money. After finding her own financial success in investing in cryptocurrency and becoming more involved in the online crypto community, Wendy was frustrated with how much money was being charged by various crypto meetup orgnaizers and how little value they gave their participants..
Thus, Wendy O started her own brand, ‘CryptoWendyO’ and now brings accessible information to the people through The O Show on YouTube and other social media platforms, including Twitter and TikTok where she has amassed more than 400,000 folloowers across all the platforms combined.
In 2021, only 15% of all Bitcoin traders were women. But there are positive signs that the new crypto wave is evolving and is becoming more inclusive. For example, in Australia, according to the Independent Reserve’s Cryptocurrency Index (IRCI), women accounted for 20% of cryptocurrency owners in 2021, a significant increase from the 10.1% in 2020.
The United States is also showing a surge of interest from women in crypto. While women only make up 26% of the crypto holders in the US, 53% of adults that are “crypto-curious” are women.
As people such as Tavonia Evans and Wendy O grow in the public eye, awareness is spreading that crypto wealth is achievable for anyone. Unlike many other financial assets, with their large barriers to entry, entering the crypto landscape only requires access to the internet. Furthermore and importantly, this new internet-wild-west doesnt care who you are or what your credit score looks like, everyone gets a turn.
This is because, unlike many other financial opportunities that require large amounts of capital, substantial existing wealth or government and bank approvals, investing in cryptocurrencies don’t have any of these. Instead, you simply join via the platform of your choice, some requiring as liitle as a couple dollars to start.
Speaking of a couple of dollars, don’t just take our word for it. Here area few ‘everyday’ women right here in Australia who managed to build life-changing wealth from practically nothing:
Mimi Ho, 36 (Brisbane, Queensland)
Mimi began investing with $10,000 and nine years later she is now worth almost $A 8million. Mimi was disillusioned with the traditional financial system and it’s brutal swings from boom to bust evry few years and the lack of control she had over her savings and future. She decided to take matters into her own hand and start investing in BTC and ETH and was soon able to leave her job and fund her travels around the world where she taught English to underprivliged children in Asia and working with animal welfare organizations.
Emilia 38, (Melbourne, Victoria)
A stay-at-home mum with two small children doesn’t seem like the most likeliest crypto success stories, however as Emilia shows us, with a lot of patience and some luck you can make as much as 2,300% in a few days. Emilia spent her maternity leave educating herself on all thing crypto as well as honing her skills at trading between her kids nap time. It was time well spent according to Emilia as it allowed her to build her wealth in what otherwise would have been idle time away from work and waiting for her children to wake up.
Queenie Tan, 25 (Sydney, New South Wales)
Two years after dropping out of university and working at a mkareting firm Queenie decided to invest in crypto. Within two years she would go on to buy her first home and a few years after that built her net worth to $A 500,000. It was not all smooth sailing for Queenie, she watched her portfolio rise and fall (as much as 90% one time) but was able to learn during the process, with the main lesson being to make sure to know what you are investing in and having a plan.
Yes, crypto millionaires such as the Warwick Brothers, or Sergie Sergienko may have paved the way for mass crypto adoption, but women like Connie Gallippi, Rachel Siegal and Wendy O are changing not only how we view crypto but also show us that anyone can participate and do so successfully. There are risks, but no financial asset on Earth today offers the same risk/reward profile that crypto does and for many women, taking control of their financial independence is an empowering experience, and the trailblazing jillaroos are holding the door open, beckoning for more to join them.
Another major factor as to why women are choosig to invest in crypto is the widespread ease of accees to educational material. Unlike the typical on-ramps to traditional finance, which require expensive and time consuming university degrees, getting up to speed on crypto is faster, friendlier and unlike traditional schooling which is all theory, you are able to actually experiment in real-time with small amounts and gain valuable knoweldge. You can even attend viritual seminars and utilize the expertise of crypto-coaches from orgnaizations like Digital Welath Group to help you get started
The common misconception that successful crypto investors are typical tech-bro men from elite universities is fast evaporating. While women still make up less than half of crypto investors, their numbers are growing and changing the landscape of these currencies. More than ever before, people are seeing that cryptocurrency success is open to anyone.
Links
https://www.investopedia.com/articles/people/083016/who-are-top-5-bitcoin-millionaires.asp
https://cointelegraph.com/news/australian-women-owning-crypto-has-doubled-in-2021-survey
https://www.glamour.com/story/meet-the-women-of-cryptocurrency
https://www.investopedia.com/articles/people/091516/top-5-investors-investing-bitcoin.asp
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