Asian cryptocurrency exchange Independent Reserve conducted a survey, according to which 43% of adult Singaporeans own cryptocurrencies.
The report notes that 46% of those surveyed are going to buy cryptocurrencies in the next 12 months. Younger investors have already invested in digital assets – 66% of respondents aged 26 to 45 answered yes to this question.
At the same time, 93% of respondents said that they had at least heard about bitcoin. About 40% of them called the first cryptocurrency “an investment asset”, and 25% consider Bitcoin “digital gold” or “a means of accumulating wealth.”
In the 26-35 age group, three quarters of the respondents expressed confidence that cryptocurrencies will become widely used both among individuals and among companies.
“Singapore is a key cryptocurrency region in Asia thanks to its robust and well-regulated financial market infrastructure and openness to technology,” said Adrian Przelozny, CEO of the Independent Reserve.
Singapore has gone much further in its adoption of cryptocurrencies compared to other countries. For example, among Australians, only 18.6% of the adult population owns cryptocurrencies, and in the United States this figure is even lower – only 6%.
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