The Independent Reserve Cryptocurrency Index reported a decline in cryptocurrency ownership in Singapore, with nearly 50% of holders liquidating their assets. It attributed the drop in resident ownership from 40% in 2024 to 29% in 2025 mainly to profit-taking and portfolio rebalancing strategies.
Bitcoin and Ethereum Remain Top Choices Among Investors
The latest Independent Reserve Cryptocurrency Index (IRCI) indicates a downward trend in cryptocurrency ownership in Singapore, with nearly half of users having divested their holdings. 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, 68% chose Bitcoin (BTC) and 48% chose Ethereum (ETH) as their preferred assets.
Meanwhile, the study revealed that a significant majority (79%) of cryptocurrency investors pursued portfolio diversification. However, 65% of participants disclosed that they limited their investments to just two to five types of digital assets. This focus on fewer than five cryptocurrencies reflects investors’ preference for holding assets they perceive as offering sustainable, long-term value.
Lasanka Perera, CEO of Independent Reserve Singapore, stated that the latest IRCI findings reflect a recalibration rather than a withdrawal from the cryptocurrency space. According to Perera, experienced investors in Singapore—having weathered multiple market cycles—have chosen to focus their investments on a select group of robust, well-established digital assets they deeply trust.
He asserted that the findings show residents of Singapore have adopted a more cautious and deliberate strategy toward cryptocurrency investment.
Bitcoin Expected to Maintain $100K Value by 2030, Say Crypto Investors
Although fewer residents in Singapore actively hold cryptocurrencies, public awareness reached an all-time high, with 94% of respondents recognizing at least one crypto asset.
Although only 17% of Singaporeans said they plan to purchase cryptocurrency in the next 12 months, existing crypto investors showed a more optimistic outlook, with 53% saying they are 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.
The study revealed that 68% of cryptocurrency investors used stablecoins as an intermediary tool for executing crypto-to-crypto trades.
Fiona Murray, APAC Managing Director at Ripple, emphasized the significant role of stablecoins in Singapore’s digital asset landscape. She stated that the study’s findings highlight growing recognition of these digital assets as essential infrastructure across APAC and globally, helping drive broader crypto adoption.
