Already, the frenzy over WallStreetBets and GameStop is beginning to fade. In its wake, financial markets should be reminded that the most enduring retail investing mania over the last few months has focused on bitcoin. And according to a bitcoin-focused UK fintech company with tens of thousands of users, women and older investors are largely staying out of the crypto frenzy, leaving young men to be significantly overrepresented.
“If we see from that research study that men are, on average, more inclined to be overconfident, that overconfidence could be helping to drive the heavier representation of men in these much more speculative markets,” Kramer said.