Sharp drop in crypto ownership in Singapore as investors sell off

Crypto ownership in Singapore fell in 2025 as investors have been selling up and cashing in to take advantage of record prices in recent months, though not all made a profit, noted a new poll on May 21.

- Sheila Chiang

The lower crypto ownership was also attributed to older investors divesting some or all of their crypto holdings to reduce risk amid macro uncertainties.

The survey of 1,500 Singapore residents aged 18 and above found that only 29 per cent owned any crypto, a stark decline from the 40 per cent a year earlier.

Bitcoin hit a record on Jan 20, crossing US$109,000 (S$140,600), the day US President Donald Trump, who signalled plans to boost the crypto sector, was inaugurated for a second time.

The poll found that 49 per cent of crypto investors have sold part or all of their crypto holdings in the last 12 months, with 67 per cent of this group saying they made a profit on the deal.

Bitcoin and Ethereum continue to be the most popular assets, with 68 per cent of crypto investors owning Bitcoin and 48 per cent holding Ethereum, noted the survey carried out in February by crypto exchange Independent Reserve Singapore.