Cryptocurrency ownership in Singapore was reported to have declined, with nearly 50% of holders having liquidated their assets, according to the Independent Reserve Cryptocurrency Index. A drop from 40% in 2024 to 29% in 2025 in resident ownership was attributed mainly to profit-taking and portfolio rebalancing strategies.
Bitcoin and Ethereum Remain Top Choices Among Investors
A downward trend in cryptocurrency ownership has been observed in Singapore, with close to half of users having divested their holdings, as indicated by the latest Independent Reserve Cryptocurrency Index (IRCI). According to the report, the majority—67% of those who exited—did so to lock in profits from previous investments.
Due to deliberate profit-taking and adjustments in investment portfolios, the share of Singapore residents holding cryptocurrency declined from 40% in 2024 to 29% in 2025. Among the remaining holders, Bitcoin (BTC) and Ethereum (ETH) were predominantly favored, with ownership rates of 68% and 48%, respectively.
Meanwhile, it was revealed by the study that portfolio diversification had been pursued by a significant majority (79%) of cryptocurrency investors. However, 65% of participants disclosed that their investments had been limited to just two to five types of digital assets. This constraint to fewer than five cryptocurrencies has been interpreted as a reflection of investors’ preference for holding assets perceived to offer sustainable, long-term value.
It was stated by Lasanka Perera, CEO of Independent Reserve Singapore, that the latest IRCI findings reflected a recalibration rather than a withdrawal from the cryptocurrency space. According to Perera, experienced investors in Singapore—having endured multiple market cycles—had opted to focus their investments on a select group of robust and well-established digital assets in which they held strong confidence.
It was asserted by him that the findings serve as evidence that a more cautious and deliberate strategy toward cryptocurrency investment has been adopted by residents of Singapore.
Bitcoin Expected to Maintain $100K Value by 2030, Say Crypto Investors
Although a decrease in the number of residents actively holding cryptocurrencies was observed, an all-time high in public awareness was recorded in Singapore, with 94% of respondents indicating that at least one crypto asset was recognized by them.
Although only 17% of Singaporeans indicated an intention to purchase cryptocurrency in the coming 12 months, a more optimistic outlook was expressed by existing crypto investors, with 53% stating they were likely or very likely to increase their holdings. Additionally, 77% of these investors believed that Bitcoin would maintain a value above $100,000 by the year 2030.
Regarding stablecoins, it was revealed by the study that they had been utilized by 68% of cryptocurrency investors as an intermediary tool for executing crypto-to-crypto trades.
The significant role of stablecoins in Singapore’s digital asset landscape was emphasized by Fiona Murray, APAC Managing Director at Ripple, who stated that the study’s findings demonstrated how these digital assets are being recognized as essential infrastructure across APAC and globally for advancing overall crypto adoption.
