In Latin America, less than 30% of the land is in the hands of women; In Argentina, only 32% of the large assets reached by the extraordinary wealth tax in 2021 belonged to women.
Daiana Gómez Banegas, crypto specialist. Founder of Mujeres Bitcoin and strategist of the SATOSHE project.
According to Forbes, in 2024 there will be six Argentines in the ranking of the richest people in the world: Marcos Galperín, Paolo Rocca, Alejandro Bulgheroni, Gregorio Pérez Companc, Eduardo Eurnekian and Eduardo Costantini. Yes, all men.
Women and finance: projections
“Historically, Women have faced significant barriers to accessing and controlling wealth.. However, this is in a process of change: we will be the protagonists of capitalism, we will put a female face at the center of the scene,” he maintains. Eva Saccodirector of the Adoption and Prosperity Observatory of WOMEN IN BITCOIN.
The Consulting Boston Consulting Group (BCG) revealed that 40% of wealth is in the hands of women, compared to 30% recorded in 2017. This represents a growth of 84% in just 5 years or a cumulative annual increase of 13%, which doubles the overall 6.6%.
On the other hand, the Global Wealth Report 2023 of the USB consulting indicated that world wealth in 2022 reached 478.3 trillion dollars. It is projected that in the next 20 years, this figure will reach 1,095 trillion dollars, although it will grow at a slower pace with an average annual rate of 3.2% (according to IMF estimates).
In this context, It is projected that by 2037, women will have the same assets as men.even with the consideration of a slowdown in the trend of feminization of wealth and under the assumption that it only exceeds the general growth rate by 50%. Furthermore, by 2042, it is expected that women will control 55% of global wealth.
Women and the crypto market: present of struggle and auspicious future
The sociologist Mauro Guillen, in his book ‘2030’points out that the future will be full of “new millionairesses, entrepreneurs and leaders”, but This phenomenon of global wealth redistribution has no correlation in the cryptocurrency market.
According to studies on differential behavior in terms of investments, Women are much more conservative when making economic decisions.
Added to these classic barriers to entry is that in the crypto world there is a highly masculinized discourse dominated by Crypto-Boystogether with the few efforts of the industry to incorporate the sector with the greatest potential growth.
“Bitcoin maximalism has a strongly masculinized rhetoric, aesthetics and imprint that has been particularly intensified during Donald Trump’s campaign and the anti-WOKE agenda. This is a shame and represents a loss of opportunity for the industry. When the industry slogans are dismantled, we can see that women represent the majority population behind each discourse such as ‘Bitcoin is the tool for financial inclusion’, since 67% of the excluded people are precisely women,” he emphasizes. Daiana Gomez Banegasfounder of WOMEN IN BITCOIN.
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The data of the main exchanges from Argentina show that, on average, only 22% of accounts are in female hands. However, if the industry trend mimics that of the overall economy, By 2042, women will double our participation and the representativeness would be 40% of the total assets in crypto assets.
Always with the reference of the current capitalization of BTC (1.78 trillion dollars), Women represent a market of 0.39 billion; This will increase to 1.35 million in the next 20 years.
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Argentina is one of the fastest growing marketswith 25% of the exchange accounts in Latin America, which in turn has 9% of the total crypto assets.
Although due to the characteristics of crypto assets the data cannot be obtained, it is possible to estimate from the above that Argentina’s total participation in the crypto market is 2.2%. With BTC as a reference, women are currently a market of 8.58 billion dollars with a projection of becoming US$ 29.7 billion by 2044.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
