Bitcoin and cryptocurrencies are finally becoming more well known with there being a Dragons Den Bitcoin episode, more investors are paying it attention and it is increasing in price every month. It seems like only a matter of time before it breaks through into the mainstream and everyone knows about it – but what could potentially stop it from reaching the success it is predicted to have?
Bitcoin has a woman problem that, unless solved, will keep it from hitting the mainstream as a medium of exchange, at least in the US. You can tell because there are useful websites similar to https://cryptoevent.io popping up providing useful information for those who are interested in getting into Bitcoin. The following conversation is primarily aimed at the particular challenge Bitcoin faces in getting to mainstream adoption, and is not focused on the speculative rises and falls that have dominated the news cycles for the past few weeks in particular. For those who are interested in trading and cryptocurrency investment, you can find more here, but for now, discussed here will be a social issue rather than an economical one.
Right now (Dec 2013), the overwhelming majority of activity in the Bitcoin space is dominated by males. In doing a review of the market for consumer activity, and then comparing it to the market at large, it is clear that there is a significant gender gap that will need to be filled before Bitcoin can hit the mainstream as a payment mechanism in any meaningful way. Although all web statistics of this type are prone to some margin of error, these are certainly directionally correct. Read more at Coindale.