"Cryptographic gap" between the sexes is the largest in Sweden

Cryptocurrency is a hot topic all over the world. But not for Swedes. They really miss it - with a world-class disinterest.

Risks are associated with any investment, but the hottest discussion about risks has long been about cryptocurrency.

Many experts around the world, as well as in Sweden, warn against investing in cryptocurrencies, such as bitcoins, as they are considered dangerous for the individual consumer. Despite this, interest has not abated and cryptocurrencies continue to be traded around the world.

But there are differences in interest depending on who you ask.

Swedish women evaluate cryptocurrency

A new report from Klarna Global Money Management pulse shows that Swedes stand out as the group least invested in cryptocurrencies globally.

Thus, cryptocurrency does not attract nearly as much in Sweden as in the rest of the world, but that is not enough.

Swedish women rate cryptocurrency much higher than Swedish men.

Sweden has the largest gender gap of all countries when it comes to saving on cryptocurrencies, a study by Klarna shows.

In Sweden, about five times more men than women invest in cryptocurrencies, while the global average is that men invest in cryptocurrencies twice as much as women. Looking at the global average, men invest in cryptocurrencies twice as much as women.

According to https://bitcoincasinos21.com/, this is due to the greater popularity of online casinos among men. After all, most popular casinos have long been using cryptocurrency.

"It is clear that Swedes stand out as less inclined to save in cryptocurrencies, but it is also special that it is in Sweden that the gender gap among crypto investors is the largest - although globally we are equal countries," says Jesper Eriksson, Head of Sweden at Klarna.

More women than men accumulate savings

As a possible explanation, he cites gender differences that exist in the risk appetite of men and women.

"It is well known that men usually choose a higher level of risk in their savings and investments compared to women," he says.

The report also shows that significantly more women than men in Sweden choose to put a larger share of their savings into a buffer against unforeseen expenses.  

Sweden stands out in several points in the results, for example, Swedes invest the most in mutual funds. Globally, stocks dominate as a form of savings.

Sweden is also the country where cash is used the least.

Note. The Klarna Money management pulse report is based on a consumer survey in cooperation with Nepa, which was conducted during the second quarter of the year and covers people in Sweden and twelve other countries, including the US, Australia, Finland and the UK.

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