A significant shift in Singapore’s cryptocurrency landscape has emerged, with crypto awareness reaching all-time highs despite a notable decline in ownership rates. According to the latest Independent Reserve Cryptocurrency Index, crypto ownership among Singaporean residents has decreased from 40% to 29% in 2025, marking an 11% reduction year-over-year.
Key Findings from the Singapore Crypto Report
- Crypto ownership dropped from 40% to 29% in 2025
- Nearly half of previous crypto holders sold their positions
- Bitcoin and Ethereum remain the most preferred cryptocurrencies
- Profit-taking and portfolio rebalancing cited as primary reasons for selling
This decline comes amid Bitcoin’s recent surge to $112,000, suggesting that many Singaporean investors may have capitalized on the bull market to secure profits.
Understanding the Ownership Decline
The reduction in cryptocurrency ownership appears to be driven by strategic investment decisions rather than negative sentiment towards digital assets. Many investors have opted to take profits following significant price appreciation across major cryptocurrencies.
Market Implications and Future Outlook
Despite the decrease in ownership, the high awareness levels suggest potential for future adoption waves. The market maturity indicated by profit-taking behavior could signal a more sophisticated approach to crypto investment in Singapore.
FAQ Section
Q: Why are Singaporeans selling their crypto?
A: Primary reasons include profit-taking and portfolio rebalancing during the recent bull market.
Q: Which cryptocurrencies are most popular in Singapore?
A: Bitcoin and Ethereum continue to be the most preferred digital assets among Singaporean investors.
Q: Does this trend indicate negative sentiment toward crypto?
A: No, the high awareness levels suggest continued interest, with the selling primarily driven by profit-taking rather than negative sentiment.
