Decline in Cryptocurrency Ownership in Singapore
- Cryptocurrency ownership in Singapore decreased from 40% to 29%.
- Nearly half of crypto users have sold their holdings.
- The decline is mainly due to profit-taking and portfolio rebalancing.
- Bitcoin and Ethereum are the most preferred cryptocurrencies.
The percentage of Singapore residents owning cryptocurrency fell from 40% in one year to 29% the next, driven by profit-taking and portfolio adjustments. Bitcoin and Ethereum remain the top choices among those who continue to hold digital currencies.
Source (2.6)https://news.bitcoin.com/singapore-crypto-awareness-hits-high-despite-ownership-dip/?rand=52384
