22-5-2025 – A recent survey by Independent Reserve, a prominent cryptocurrency exchange, reveals a striking surge in Singaporeans’ familiarity with digital currencies, with an unprecedented 94% of respondents now aware of cryptocurrencies. This marks a significant milestone in public consciousness, yet the proportion of individuals actually holding these assets has notably declined, falling from 40% last year to just 29% in the latest findings.
Among those invested in the crypto market, Bitcoin remains the undisputed leader, with 68% of cryptocurrency investors holding the asset, and an overwhelming 86% recognising its value as both a monetary instrument and an investment opportunity. Looking ahead, optimism persists, as 53% of current holders plan to bolster their portfolios over the coming year, while 17% of those yet to invest are considering entering the market.
The survey also highlights a clear preference for direct ownership, with 61% of investors choosing to hold cryptocurrencies outright rather than opting for exchange-traded funds (ETFs). Meanwhile, stablecoins are gaining traction, with 46% of investors holding these assets, and US dollar-backed stablecoins dominating at 83% of this category.
