March 28, 2024

Almost half of Singaporeans own cryptocurrency

Almost half of Singaporeans own cryptocurrency

According to Independent Research (IRCI), more than 80 percent of Singaporeans are interested in Bitcoin or have already purchased it.cryptocurrency.

Based on a survey of 1,000 Singaporeans from the endFebruary to early March 2021, about 43% of Singaporeans own cryptocurrency. Highest ownership percentage – 66%, among people aged 26 to 45, for all other age groups the figure is 29 percent. 

35% of women own cryptocurrency, compared to 51% of male respondents.

46% of respondents said they plan to buy cryptocurrency in the next 12 months, while the likelihood of making a purchase from people under 45 years old is twice as high.

Only 7% of respondents believe that Bitcoin – this is a scam. 

Adrian Přelozny, Chief Executive Officer of the Independent Reserve, says:

"The high awareness and acceptance of cryptocurrency among Singaporeans in the survey is likely a natural reflection of the country's progressiveness and commitment to preparing for the future."

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