FIL: Crypto Adoption Limited Among Hong Kong Women
Within Hong Kong, males dominate when it comes to crypto investing, according to a report by Fidelity International.
Less than one-tenth (9 percent) of female investors currently have assets allocated to digital assets, according to a survey by Fidelity International. This compares to 27 percent among male investors aged from 30 to 39 and 41 percent among those between 18 and 29 years old.
In terms of older males, the adoption rate was similar to that of females. Just 12 percent and 5 percent of male investors aged 40 to 54 and 55 or above, respectively, held digital assets.
Investment Plans, Timeframe
Moving forward, enthusiasm for digital assets persists with 53 percent of respondents planning to hold their allocations at current levels, while 34 percent are looking to increase their holdings. Just 13 percent said they will decrease exposure.
There was even distribution in terms of timeframe, with 37 percent investing with a horizon of less than 12 months, 27 percent for 1 to 3 years, 14 percent for 3 to 5 years and 22 percent for over 5 years.
Bitcoin’s Outlook
According to Giselle Lai, associate investment director, digital assets at Fidelity International, demand for diversification will continue to drive interest in digital assets like Bitcoin.
«As Bitcoin’s asset size grows, larger amounts of capital are required to meaningfully influence its price. This growth coincides with decreasing volatility and a diminishing rate of returns compared to previous cycles. The growing liquidity and market maturity, expansion of hedging instruments, and regulatory clarity are likely to further reduce asset volatility,» Lai explained.
The survey was conducted by YouGov between May 15 and 28 with investors aged 18 to 69. Respondents were from six markets: Australia, mainland China, Hong Kong, Japan, Singapore and Taiwan.
