Practically each Singaporean has heard of cryptocurrency, however fewer are diving in headfirst, a brand new survey by MAS-licensed crypto change, Impartial Reserve, revealed.
Crypto consciousness amongst Singaporeans has hit a brand new excessive of 94%. Nonetheless, solely 29% at present personal or have owned crypto previously 12 months, down from 40% in 2024.
“This lower in crypto adoption comes as Singaporeans take a extra defensive monetary posture in opposition to the backdrop of worldwide macroeconomic uncertainty,” an in depth report famous.
The change surveyed 1,500 residents throughout Singapore in February 2025.
Survey Reveals Shifting Sentiments in 2025
Impartial Reserve claims that many Singaporeans are reallocating towards conventional investments. As an illustration, the share of respondents protecting money in financial savings or mounted deposits has risen to 49% in 2025, up from 42% in 2024.
“Traders are selectively managing danger and diversifying throughout asset lessons in response to broader financial situations,” the survey learn.
Mark Wong, Head of Buying and selling at Impartial Reserve, explains that the BTC/SGD pair dropped 19.3% from S$143,000 (US$110,832) in January to mid-April. “This decline displays a broader pullback from danger belongings,” he famous.
Additional, Wong stated that Singapore’s crypto buyers have shifted in direction of “high-quality belongings” that preserve resilience in risky situations.
“Painful classes from speculative tokens have taught buyers to prioritise robustness over hype,” he stated. “Survey information reveals that buyers holding two to 5 cryptocurrencies are more than likely to report positive aspects or break even, while these with eleven or extra cryptocurrencies fare worse.”
Apart from, the pattern is among the many youthful crypto customers in Singapore, per the Straits Occasions report revealed final month. Although the possession charge has decreased, youthful generations, notably Gen Z and millennials, are main cryptocurrency adoption, with round 40% holding crypto.
Crypto adoption is rising in Singapore, and youthful customers are main it. Companies are adapting, although challenges like usability, safety, and restricted service provider help proceed to hinder widespread use.#Blockchain #CryptoAdoptionhttps://t.co/9xPjW6dG76
— Cryptonews.com (@cryptonews) April 8, 2025
Singaporean Traders Imagine Bitcoin Would Surpass $250K by 2030
Nonetheless, Bitcoin has been rising as a potential secure haven amidst stagflation considerations. 68% of crypto buyers in Singapore stated they maintain Bitcoin, and 23% consider that the world’s largest crypto will surpass $250,000 by 2030.
Wong stated that 59% of respondents favour Bitcoin over different crypto belongings. “Even amongst non-crypto house owners, it instructions belief, with 52% favouring Bitcoin over stablecoins (48%).”
Bitcoin set a contemporary document at $109,487.23 on Wednesday, after witnessing a rising ETF influx. The crypto is buying and selling at $110.95 at press time.
Moreover, the survey revealed that 28% of crypto buyers maintain a memecoin, with 43% of Singaporeans conscious of a minimum of one memecoin.
“Memecoins are broadening the entry factors into crypto. Whereas they could not function core holdings, their cultural relevance has expanded the attain and accessibility of crypto for a brand new technology,” says Lasanka Perera, CEO of Impartial Reserve.
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