- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Ownership drop reflects defensive investment strategies.
- Bitcoin remains dominant amid market volatility.
Singapore’s evolving crypto market shows a trend of increased awareness but declining ownership, signifying a cautious shift among investors amid global economic uncertainty.
Singapore shone with 94% crypto awareness in an IRCI survey conducted in February 2025. Despite this awareness, actual ownership dipped from 40% in 2024 to 29% amid cautious sentiments. Mark Wong, Head of Trading, Independent Reserve, commented on the current crypto landscape: “Despite the drop in ownership, the high interest from both current holders and potential new investors suggests that the market may be poised for growth once economic conditions stabilize.”
Bitcoin held its stature with 68% of investors. The survey highlighted that while many investors cautiously reduce stakes, 53% plan to grow holdings. Bitcoin’s dominance grows as it surpassed US$100,000 in late 2024, even with a slight decrease in the BTC/SGD pair.
The findings indicate a strategic flight-to-quality approach among investors, who are shifting to traditional investments due to economic uncertainty. Bitcoin’s dominance persists with growing awareness as its price trends down to 19.3% during the survey period.
Singapore’s crypto market shows a mature trend with selective investment strategies. Investors are steering towards diversification, driven by financial volatility and macroeconomic scenarios which shape the cautious inclination toward traditional investments.
Long-term interest in cryptocurrencies, combined with increasing non-holder consideration, suggests potential market growth. If economic conditions stabilize, coupled with regulatory clarity, increased overall investment and confidence in digital assets may follow.
