The entire business world was once a male-dominated field, where women would either be entirely excluded or at the very least take menial positions within companies.
Today, the ecosystem of entrepreneurship has changed drastically to empower female leadership in its many diverse formats. The same cannot be entirely said for up-and-coming industries that are all the rage in recent years, such as cryptocurrency trading and mining, which are still predominantly male across the globe. Thankfully, this is slowly transforming into a more balanced division where more women are joining the crypto ranks.
Some may still wonder: how would this neutral, tech-driven world benefit from gender equality? While the answer coincides to a great extent with the response that applies to other industries, some values are distinctly linked to what women can give the crypto universe. Here are some of the most pivotal, game-changing reasons more women should start trading and mining various cryptocurrencies and how this industry can benefit from their growing presence.
Funding women-vital causes
Even though gender equality has become an important topic in recent years across the business world, we still have a lot of work ahead of us if we are to truly capitalize on the potential of women business leaders and entrepreneurs. In the blockchain industry and the cryptocurrency world, women have the power to truly make a difference by leveraging innovative technologies and solutions, and applying their talents to support other women entrepreneurs as well as women-relevant causes.
Blockchain technology and cryptocurrencies are opening numerous business opportunities for women, yes, but they are also making it possible for women to support each other through investments, charities, and funding projects. This creates a welcoming and supportive environment where aspiring women entrepreneurs and business leaders can support each other on the road to success in the crypto world, and even use their success to help women-oriented charities together as a community.
Diversification for greater success
The cryptocurrency world might still be dominated by male influences, but that isn’t to say that leaders aren’t recognizing the benefits of bringing a diversified workforce into the industry. Concretely, there are many benefits that women leaders can bring to the table, which is why in the years to come we will notice an increase in women who are holding leadership positions in companies around the world.
Simply put, greater diversification in the industry leads to more efficient and effective cryptocurrency mining processes across the board, not only because of the increased workforce, but because women have many innate complementary skills that can make mining and trading more cost-effective in the long run. From their ability to monitor market volatility and extract valuable data from arising trends, to the way women leverage their communication business skills to facilitate strategic partnerships, there are many lucrative ways women can take the crypto world forward.
Women are great community-builders
Speaking of strategic partnerships and communication, women also have an innate talent to build healthy communities of investors, programmers, and leaders that can take an ICO forward in an efficient and effective way, and ensure the steady progress of a crypto startup in the volatile marketplace. Through their community-building skills, female leaders can bring people together and inspire them to pool all of their intellectual resources towards a single goal, all the while creating a passionate team that will see the project through to the end.
Unlike men who communicate in order to convey information only, women communicate to convey information plus build long-term relationships and creating profound connection with all relevant actors in order to earn their loyalty and trust instead of demanding it. Combining the skills of men and women therefore leads to a greater sense of unity in the industry, which creates a stable foundation for progress.
Balance in genders leads to stability
It’s no secret that women business leaders tend to be more careful and cautious, which highly influences their decision-making process and keeps them from making rash decisions. This doesn’t mean that all men are rash, but it does mean that the lack of testosterone can make women more rational during times of high stress or when they have to reach a decision that will determine the future of the company.
Far be it that women miss out on lucrative opportunities, though, because this prudent approach to decision-making is exactly what is required in order to make the right choices in the volatile crypto market. Through careful research and monitoring, women are able to predict industry patterns and trends, and act in the most cost-effective way, leading to greater stability.
Expanding on the industry’s communication skills
Another important way that women can take the crypto world forward is by leveraging their innate communication and soft skills to create a positive work environment, convey important information to shareholders and employees, and even educate the consumers about cryptocurrency using the language and tone of voice that resonates. What’s more, women are excellent at reading body language as well as deciphering the tone of voice and language used by the customers, clients, and partners, making it easier for a business to uncover problems and pain-points, and innovate effective solutions.
It should go without saying that women have a lot to bring to the modern business world, but when it comes to volatile industries such as cryptocurrency, women can leverage their numerous talents to create stability and drive businesses forward. These and many other skills they possess will prove invaluable in shaping the crypto world in the years to come.