Women investors’ interest in cryptocurrencies rising
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Women investors’ interest in cryptocurrencies rising
Avik Das & Shilpa Phadnis / TNN / Updated: Mar 8, 2021, 08:29 IST
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BENGALURU: More women are actively engaging with cryptocurrency as an asset class than ever before. Take Nirali Solani who heads a Mumbai-based family office. Until last March, she had shunned away from crypto as it was volatile. And then she started reading whitepapers on it.
“I read them because I’m not from a tech background. I started with small investments, but my faith in the asset went up and now most of my personal savings go into Bitcoin and Ethereum. I'm a long term investor. I look at it as a store of value, it is a great inflation hedge over a longer period,” she says. Solani initially allocated 3-4% of her portfolio to Bitcoin and Ethereum. Over time, the exposure has grown to 15-20%. "When I started investing, the average purchase price was $8,000-10,000, and today, it's 4x higher,” she says.