Bitget AMA Transcript: Women in Web3 – The Overlooked Power of Women
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Bitget AMA Transcript: Women in Web3 – The Overlooked Power of Women
Encouraging more women to join this industry will rapidly enhance your personal abilities and awareness.
Navigating Web3 tides with focused insights
On March 7, Bitget hosted an online Twitter Space discussion themed "Women in Web3! The Overlooked Power of Women." The session was moderated by Jia Yin Xie and featured distinguished female professionals from the industry including Gracy, Li Zhang, Mandy, Dai Dai, and Joy Lou, who shared insights on the topic: “We frequently hear about the awakening of feminine energy these years—what then are women’s survival rules in Web3?”
Q1: For women looking to enter Web3, which area should they start with for a faster entry?
Gracy: It's the same for both men and women—irreplaceability matters more than effort. Whether during school or when entering the workforce, it's crucial to find a strong entry point, root yourself in your strengths, and deepen your expertise through continuous accumulation.
Mandy: My answer aligns closely with Gracy’s. It has nothing to do with gender but rather your professional background and strengths. Media is a great entry point for anyone. We’re actually hiring right now and welcome opportunities to connect via Twitter DMs.
Zhang Li: Even if you enter, you’ll be eliminated quickly if it’s not a good fit. You need to find a role that suits you.
Joy: There are many options—for example, becoming an editor or analyst at a media outlet like Planet Daily, doing customer operations at Bitget, or joining Li姐 as a free investor. These three paths represent distinct sub-sectors: exchanges, media, and independent investors/self-media. Excelling in any of them isn’t easy. You need relevant knowledge, curiosity, and strong interpersonal skills.
Q2: What are the advantages and disadvantages for women working in Web3?
Gracy: Overall, there shouldn't be distinctions between men and women. In our team, 40% of managers are women—not by design, but because we hire the best candidates regardless of gender. We don’t differentiate based on gender during recruitment. If I must mention some data trends: 37% of crypto holders are women, while only 6% of founders are women. There are also relatively few women in VC. Today’s Twitter Space aims to highlight more outstanding women in the space.
Mandy: It really comes down to professional foundation and accumulated experience. Flip the question: what traits does this industry value? Strong learning ability, adaptability, active thinking, resilience during crises, and willingness to work around the clock. Anyone meeting these criteria—regardless of gender—is welcome.
Zhang Li: Web3 is relatively open compared to traditional industries where breaking into core roles is difficult. This space is like a school without discrimination—if you adapt, you will shine. Especially among Chinese women, traits like relentless dedication come naturally. Many women thrive in independent investing. Simply put, if your goal is to make money, women have significant advantages. As for disadvantages, most are stereotypes—there aren’t real inherent weaknesses. Still, very few women hold executive positions. I strongly encourage talented women burnt out from internet jobs to leverage their strengths and join Web3.
Joy: I don’t think there are clear advantages. No matter the field or sector, don’t overthink gender—just focus on getting the job done. That’s been my experience. Everyone faces challenges in the workplace; don’t overanalyze what you’re doing.
Q3: What attracts you most about Web3?
Gracy: Many of us entered this space chasing financial gains. I ran a Web2 startup from 2015 to 2022, but never made big money. I bought just three cryptocurrencies starting in 2015, then accumulated more between 2017 and 2018. I realized my side investment returns far exceeded my income, so I decided to dedicate my time here to gain even more. After talking with Bitget, I felt a strong alignment and was excited to join. Since joining, I’ve worked on listing-related projects. Now I have a mission: Can we grow Bitget into one of the top three global exchanges? To me, it’s no longer just about making money—it’s about purpose.
Mandy: In 2016–2017, the internet landscape was limited. When VCs first heard about blockchain, many were enthusiastic. We saw huge potential and jumped in. Over the years, what makes Web3 most appealing is its fairness and flat structure. There are countless stories of junior employees becoming wealthy and leaving. Our youngest employee was born in 2002 and brings diverse perspectives. While people assume high barriers to entry, it’s actually quite accessible—especially compared to traditional fields, which are flatter and fairer. In traditional industries, building connections takes ages, but in Web3 you can connect quickly. This is one of the rare opportunities available today, especially for young people.
Zhang Li: I didn’t intentionally choose this industry—it happened by chance. The first phase: I entered randomly and treated it as a regular job. Second phase: awareness began to form. Everyone talked about faith above all, but the ecosystem was still small. Third phase: now—full of opportunities, always adventurous. It’s inherently high-risk, and as it evolves, entry barriers rise. During the bear market, I briefly left, but returned in the bull run—that’s when my understanding truly awakened. I encourage more women to join: your personal abilities and cognition grow rapidly here. As Sun Yuchen once said: “It stretches our height and depth, forcing us to grow.”
Joy: My husband introduced me to this space, and before I knew it, I’ve stayed ever since.
Q4: What do you see as the biggest difference between women and men in investing?
Gracy: For individual investors, our data research shows women tend to be more risk-averse. At the institutional level, there are only two large-scale funds led by women. In the Chinese-speaking region, LD stands out as highly forward-thinking. I’ve also heard about Joy and her husband’s story. From a VC perspective, however, there may not be much difference—some women excel both in investment performance and brand building.
Mandy: Fewer women study fintech-related disciplines, leading to lower representation in professional investing. But in a few years, this ratio might improve. Personally, I consider myself more risk-tolerant than the men around me, so I don’t believe there’s a necessary difference.
Zhang Li: I spent some time in investing. Initially drawn by the ICO boom, I later found team-based investing worked better. Men are highly goal-driven, while female investors are more cautious and less risk-prone. Women usually need to fully understand a team before committing capital.
Joy: My husband is very confident. When I told him to bottom-feed, he went straight into Bitcoin with flashy moves—but returns weren’t high. Most of his money is actually managed by me. We’ve received a lot of attention, and I appreciate that. But discussing just the two of us isn’t particularly meaningful. I don’t think we’re especially successful—we just entered early, nothing more. By many measures, our capabilities are average. Many teammates from our early days became wealthy and left to build solid institutions, both in primary and secondary markets. As an early industry practitioner, I remember reading Kevin Kelly—he said: “If you train someone, they’ll leave. If you don’t, they’ll stay mediocre.” Which would you choose? After experiencing the market, I believe we must nurture talent. They helped us earn; we once had them. Extending this to gender: in our team, many researchers are women, but fund management roles are held by men. During sharp drops, men dare to buy low; during rallies, they hold firm. Social norms subtly shape such differences. Given this, women aiming for better returns should focus more on macro-level knowledge. I watch full cycles—I’m an old hand, repeatedly chopped by the market. Women can find effective ways to overcome innate tendencies.
Dai Dai: The observable sample is quite small. Reflecting on our investors and other angel backers, I realized—all were male, across both primary and secondary markets. Different timelines yield different conclusions. Success definitions vary. Especially overseas, few women hold such influential voices. Female traders are even rarer. I fully agree with Joy: the best individuals are androgynous. Women still have advantages—if you're a KOL, writing content and endorsing your investments suits women well. I think women are naturally suited to become influencers. Compared to traditional finance, women’s participation in crypto is relatively high.
Q5: As successful women in Web3, could you share a few success secrets?
Gracy: Not sure I have any secret formula. I made money, but when I traded too frequently in secondary markets, returns suffered. Instead, following broader market trends worked better—like whether you dared to buy after FTX collapsed, or whether you added positions despite Bitcoin’s high gains. At counter-trend, counter-instinct moments, do you have the courage to act?
Mandy: The defining trait of this industry is intense sector rotation and cyclical shifts. Stay in the game and remain focused in your domain.
Zhang Li: Four words—focus and professionalism. Focus is achievable for most people. Like Forrest Gump, you can outperform 99% of the market.
Joy: Right now I chase momentum and panic-sell, lack conviction at lows, and lack insight at highs. Reverse that: be greedy when others fear, sell at peaks. During bull markets, avoid low-quality tokens. The deeper your understanding of an asset, the better you can filter out market noise. My second suggestion: protect your quality holdings. Maintain strong conviction in fundamentals. A friend of mine consistently DCA’d through bear markets, discovered Pepe, set a 10x target, and cashed out—playing human emotion and cycle extremes perfectly. Others DCA a sector, go all-in on AI, quit their underutilized exchange jobs to ski, and by this cycle, all their investments returned 10x. Men often possess an innate determination—they dare to commit and refuse to exit. They fully trust their judgment. Only such people survive across cycles. The required courage and qualities are identical. If you constantly aim for the next coin, the market will punish you. Women often lack this mindset. Investment options abound, so do wealth secrets—like how there are many good men in the world: some handsome, some mature. If you keep picking, you’ll age and end up with nothing. Investing and intimate relationships are alike—the better someone is at relationships, the better they tend to invest.
Dai Dai: I’ve been fortunate to consistently access resources. I started in a niche area—back in late 2017, I was building DEX when CEX was hot. DeFi wasn’t even a concept yet. It took me a year to grasp what blockchain was. I chose financial applications, specifically building an exchange. Everyone knows CEX faces compliance and hacking risks, whereas DEX avoids those issues, giving me foundational clarity. From late 2017 to 2019, I persisted in this space. In 2020, as the market improved, fundraising became smoother. Later, I transitioned from KOL to project founder, learning team management along the way. As our token gained liquidity, responsibilities grew—I had to balance personal passion with user needs. Adapting to remote work during the pandemic and international competition taught me to make correct decisions and strategies every day. The past two years have been transformative. I’m grateful for the industry’s opportunities—not just to build Dodo as a product, but to share my journey as a founder and help others succeed in entrepreneurship.
Q6: The eternal question—what赛道 are you watching in 2024, and why?
Gracy: Bitget was among the first to launch an AI zone. Personally, I’m focused on application layers. I believe people earn within the scope of their understanding. GameFi, SocialFi, DePIN, and AI are all excellent sectors.
Mandy: AI surged significantly yesterday and today. Though it may be short-term, long-term interest in AI + Crypto remains strong. Medium to long term, BTC Layer2 is still mostly in sidechain form—we’re closely watching the Bitcoin Layer2 space. GameFi is another to watch. One universal tip: keep interacting, and wait for your rewards.
Zhang Li: I’m focusing on AI and the Solana ecosystem. My advice: engage actively, browse Planet Daily and other media to spot new projects.
Dai Dai: DeFi. For instance, Dodo will support cross-chain trading this year. Beyond the DeFi赛道, proper position management is key—better position management outweighs赛道 selection. From conversations with Western counterparts, they’re increasingly focused on AI. We’re in the early upward phase of a bull cycle, so returns will likely increase.
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