Crypto Awareness at an All-Time High in Singapore
Singapore‘s embrace of cryptocurrency continues to strengthen, with a recent survey revealing a staggering 94% of respondents familiar with at least one digital asset. This marks a new high for crypto awareness in the nation, highlighting its growing mainstream acceptance. However, the survey, conducted by Independent Reserve, also unearthed a surprising trend: a decline in crypto ownership.
Ownership Declines Despite Strong Awareness
While more Singaporeans are aware of crypto, the percentage of actual owners has dipped to 29% in 2025, down from 40% the previous year. This apparent paradox suggests a shift in investor sentiment, perhaps driven by market volatility or evolving investment strategies.
Bitcoin Remains the Anchor
Despite the ownership dip, Bitcoin continues to hold its position as the dominant force in the Singaporean crypto market. A significant 68% of investors hold BTC, and a whopping 86% view it as a currency, store of value, or investment asset. Furthermore, a strong 77% believe Bitcoin will surpass $100,000 by 2030, demonstrating unwavering confidence in its long-term potential.
Investor Sentiment Remains Bullish
Despite the decline in ownership, investor sentiment remains optimistic. Over half of current holders (53%) plan to increase their positions in the next 12 months, indicating a strong belief in the future of crypto. Additionally, 17% of non-holders are showing interest in entering the market, suggesting further potential for growth in the coming years.
Singapore‘s Growing Crypto Hub Status
Beyond the survey findings, Singapore‘s commitment to fostering a thriving crypto ecosystem is evident. The nation has emerged as a global leader in blockchain and cryptocurrency development, attracting significant investment and talent. In 2024, the Monetary Authority of Singapore (MAS) issued 13 major payment institution licenses to crypto exchanges, solidifying its regulatory framework and signaling a welcoming environment for businesses.
Looking Ahead: A Vibrant Future for Crypto in Singapore
Singapore‘s unique position, combining high crypto awareness with strong regulatory support, suggests a promising future for the digital asset space. While the ownership decline raises questions, the overall bullish sentiment and ongoing regulatory progress paint a picture of continued growth and innovation in the years to come.
