First Appeared: | April 27, 2018

The Financial Times ran an article entitled ‘Bitcoin: why is it so male-dominated?’ The Express went further and implied there was some sort of sexual discrimination going on: ‘Bitcoin gender barrier: Cryptocurrency dominated by staggering 95 per cent MALE engagement.’

Bitcoin investing is purely voluntary. Like those who own horses as a hobby, investors are a self-selecting group. No one forces them to own bitcoin; no one asks women to fill in an application form and then discriminates against them.

In the horse world, 87 per cent of amateur owners and riders are female (and of those women, 98 per cent are white! There must be some form of racism!) So I could equally run articles entitled: ‘Why are horse liveries so female dominated?’ or ‘Horse liveries gender barrier: Stables dominated by 87 per cent FEMALE engagement.’

Last summer I went to an event in America called the ‘World Economic Conference’ run by a forecaster, Martin Armstrong. He is predicting pure economic Armageddon in the next few years and everyone who went to listen to him was hoping not to lose their shirt in the financial markets and to protect themselves and their families. Again, unlike local government or the BBC or even worse, the UN, this was a totally self-selecting group. It was not cheap and you had to get to Orlando, pay for your hotel and the conference fee for the two days, but it was entirely voluntary, as is buying a horse or investing in bitcoin.

There were roughly 800 attendees, and they broke down something like 9:1 male to female, 9:1 white to other races. Of, say, 80 people who were of other races, two were black, around 40 were Chinese and 40 were from the Indian sub-continent. Nine to one were over 45 years old. There were no hijabs or burkas. A purely self-selecting group.