As per the most recent report by licensed cryptocurrency firm Independent Reserve said that almost everyone in Singapore is aware of crypto, but a very few have been driving it.
Now 29% of the population of Singapore is holding crypto, yet the number was 40% in the previous year. It is crucial to note now 94% of the total surveyed population is aware about digital assets.
The report quotes, “ Bitcoin maintains its dominance, with 91% of Singaporeans aware of it, representing a significant 9 percentage points (pp) jump from 2024, followed by Ethereum, which has had similar growth in awareness, now at 54%.”
At the same time, the report also notes that, “ 33% of Singapore respondents viewed Donald Trump as positive for crypto compared to 19% who are pessimistic or somewhat pessimistic. There is, however, a clear divide between those who already invest in crypto and those who do not, with 62% of crypto investors compared to 22% of non-crypto investors expressing greater optimism.”
Findings of the 1,500 respondent report by Independent Reserve
From the total surveyed people in Singapore, around 77% believe that Bitcoin will reach $100,000 by 2030, however, it is worth noting that BTC is currently exchanging hands at $110,000 with a massive monthly surge of more than 8%.
And from all crypto investors in Singapore, around 28% hold memecoins and 57% of the investors are confident of mainstream adoption.
On the other hand, some reports say that the revenue of the Singaporean crypto market is expected to reach $229.4 million in 2025, and exchanges and other crypto service providers must apply for licenses under the Payment Services Act of 2019 from the Monetary Authority of Singapore.
With $627 million in funding across 88 deals for cryptocurrency startups in 2023, down from $1.2 billion in 2022, Singapore’s crypto-friendly climate has drawn substantial investment.
Indirectly increasing tax income through corporate taxes, employment, and associated fintech growth, this stimulates economic activity. Second only to digital payments, blockchain and web3 firms account for a sizable portion of Singapore’s fintech industry.
Crypto market price updates
Until publishing, the crypto market was at $3.57 trillion with a surge of 4.41%, and the trading volume grew by more than 20%, reaching $200 billion.
At the same time, the crypto fear and greed index was at 73 indicating greed in the market with Bitcoin trading at $110,855 with a growth of 4.20% in the past 24 hours.
The intraday loser list has been topped by DeXe, KuCoin token and PAX Gold, similarly the gainers are SPX6900 followed by Fartcoin, Dogwifhat, Hyperliquid, THORchain, Worldcoin and Brett.
