Oh, twist and twiddle! Cryptocurrency ownership in the fantastically bustling land of Singapore has taken a little tumble. Yes, you heard that right! Nearly half of our dear crypto enthusiasts have decided it was time to part ways with their digital treasures, as reported by the illustrious Independent Reserve Cryptocurrency Index. In a curious twist from a rather splendid 40% of friends owning crypto in 2024, we’ve plummeted down to a mere 29% in 2025! Why? Because folks are dancing away to profit-taking and portfolio rebalancing tunes!
Bitcoin and Ethereum: The Classy Duo!
It seems cryptocurrency ownership has become a touch less popular in sunny Singapore. Almost half of the crypto crowd are cashing out their shiny coins, according to the most deliciously informative Independent Reserve Cryptocurrency Index (IRCI). An astonishing 67% of these merry sellers chose to take a profit like a wise duck waddling across a pond!
With a sprinkle of strategic profit-taking and a dash of portfolio rebalancing, it seems the crypto characters of Singapore decided to wallow in less than 40% ownership from 2024 to a cheeky 29% in 2025! Amongst those still clutching to their digital riches, Bitcoin ( BTC) and Ethereum ( ETH) remain the belle of the ball, with ownership rates of 68% and 48%, respectively! Fancy that!
Now, let’s jiggle our way through some facts: a whopping 79% of crypto investors have flung their nets wide, diversifying their portfolios! However, 65% of the brave souls have decided to stick to just two to five types of crypto assets, as if they were picking the best candies in a jar. Oh dear! Why so few, dear hearts? It seems they yearn for digital goodies that promise to grow into mighty giants!
“Our findings aren’t telling a story of retreat, but rather one of clever recalibration,” chimed Lasanka Perera, the Grand Poo-Bah of Independent Reserve Singapore. “These savvy investors have weathered the wild storms of market cycles and are now sticking with the strong, luscious cryptocurrencies that fill them with conviction!”
Oh, the wisdom in those words! It’s like listening to a wise old tortoise sharing tales of the past over a cup of tea! 🐢
Will Bitcoin Fly to $100,000 by 2030?
Even though the number of crypto-holding residents has dipped like a sad balloon, Singapore is soaring high with public awareness—94% of folks know at least one crypto asset! What a marvelous feat! 🎈
In a delightful twist, 17% of Singaporeans are itching to buy some crypto within the next year. Yet, our core crypto-loyalists are positively bubbling with enthusiasm! According to a cheeky 53%, they may go on a buying spree like kids in a candy store! And an impressive 77% of these crypto crusaders believe BTC will soar above a grand $100,000 by the magical year of 2030! What a spectacle that will be!
On the stablecoin front, the study unearthed that 68% of crypto aficionados have been utilizzando these digital treasures “as an intermediary to trade and twiddle their crypto for crypto!” A fancy bit of financial juggling, I’d say!
Reflecting on the marvelous rolly-polies that stablecoins play in Singapore’s digital asset circus, the brilliant Fiona Murray, APAC Managing Director at Ripple, shared that they are splendidly vital across APAC (and the world) for crypto’s grand adoption. Delectable!
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2025-05-23 09:02