TechFlow news, May 22 — According to Lianhe Zaobao, a recent report by cryptocurrency exchange Independent Reserve reveals that public awareness of cryptocurrencies in Singapore (defined as familiarity with at least one crypto asset) has risen to 94%, a new record high. However, actual ownership has declined from last year's 40% to 29%. The report indicates that Bitcoin remains the most popular crypto asset, with 68% of cryptocurrency investors holding Bitcoin and 86% believing it possesses monetary attributes or investment value.
Regarding investment intentions, 53% of current crypto holders plan to increase their holdings within the next year, while 17% of non-holders express interest in entering the market. In terms of investment methods, 61% of investors prefer directly holding cryptocurrencies rather than investing through exchange-traded funds (ETFs). Stablecoin usage continues to rise, with 46% of investors having held such assets; among them, USD-pegged stablecoins are the most popular, accounting for 83%.
The survey was conducted in February this year and included 1,500 respondents.
