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S'pore More Cautious on Crypto
The Straits Times
|July 30, 2025
"Bitcoin is finite and programmatically scarce by design. Given its fixed supply of 21 million and rising institutional adoption, its price is likely to trend higher from here," he said.
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As a result, both institutional and retail interest in cryptocurrencies have picked up globally. In the US, JPMorgan is preparing to offer loans backed by clients' cryptocurrency holdings, such as Bitcoin and Ethereum.
The bank already allows clients to borrow against crypto ETFs, such as BlackRock's iShares Bitcoin Trust.
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