Is Crypto Becoming More Diverse?
Financial advisors and the digital assets industry share a lot in common. They both deal with investments, technology, and the needs, wants, fears and concerns of people everywhere.
But they also share an unfortunate lack of diversity.
Only around one in five financial advisors are women, according to the CFP Board. Anecdotally, after years of talking to people in the space, I’ve come across only a handful of women in leadership roles in the digital assets industry.
Now, this may be as much technology’s fault as finance’s because diversifying tech in terms of both gender and race has been a decades-long struggle, just as it has in the financial industry. Perhaps the digital assets industry has inherited one of the worst attributes of both worlds – the relative lack of diversity of their participants.
A diversity issue in digital assets
“This is not a new world – blockchain and crypto are just part of it,” said Jacob Mullins, managing director of Shasta Ventures, an early-stage venture capital firm active in the blockchain space.
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