According to the 2025 Independent Reserve Cryptocurrency Index (IRCI), Singaporean crypto investors are becoming more strategic and selective.
While 2024 saw a bullish market, nearly half of investors sold part or all of their holdings, and those who secured profits, 67%, signalled a shift from hype-driven speculation to calculated profit-taking.
Sharp drop in crypto ownership in Singapore in 2025 as investors sell off: Poll https://t.co/YWctxX2oAW
— The Straits Times (@straits_times) May 21, 2025
Consequently, overall crypto ownership declined from 40% to 29%, with investors narrowing their portfolios to focus on stronger assets like Bitcoin and Ethereum. Around 65% now hold only two to five cryptocurrencies, underscoring a preference for quality over quantity.
This maturing approach is also evident in the declining influence of external factors. Peer influence dropped to 27%, and only 15% responded to exchange promotional offers. Instead, investors are increasingly motivated by fundamentals such as portfolio diversification and long-term value.
Confidence in Bitcoin remains solid. A striking 86% of holders see it as money, a store of value, or an investment, and 61% prefer direct purchases over ETFs. Meanwhile, stablecoins are gaining momentum for real-world applications like payments and transfers, with 46% of investors reporting usage, highlighting their growing practical relevance.
Political developments are also shaping sentiment. Around one-third of Singaporeans, particularly seasoned investors, view former U.S. President Donald Trump’s pro-crypto policies as beneficial to the industry, pointing to global policy as a key influence on local confidence.
Despite the decline in overall ownership, nearly half of current investors intend to increase their holdings, demonstrating resilient optimism. However, trust remains a barrier, with 58% calling for clearer regulations and 47% demanding greater responsibility from crypto firms.
Further reinforcing crypto’s mainstream traction, a recent survey by payment firm Triple-A found that 26% of Singaporeans owned crypto in 2024, up from 24.4% in 2023. Notably, 52% of holders used crypto for transactions, and 67% planned to do so more often, reflecting a steady shift toward functional use and adoption. Younger crypto owners, mainly Gen Z and millennials aged 16 to 44, are at the forefront of adoption, with around 40% holding cryptocurrency.
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