Singaporean crypto investors are adopting a more strategic approach in response to a selective bull market, according to the 2025 Independent Reserve Cryptocurrency Index. The study, conducted by Independent Reserve, Singapore’s first licenced cryptocurrency exchange, highlights a trend of strategic profit-taking and portfolio rebalancing rather than widespread buying.
Nearly half of Singaporean crypto investors, or 49%, have sold part or all of their holdings, with 67% of these investors securing profits. This shift comes amid a changing macro environment marked by political changes and rising global costs. Despite a market rally in 2024, crypto ownership in Singapore has decreased, with only 29% of respondents reporting ownership, down from 40% the previous year.
Bitcoin and Ethereum remain the most popular cryptocurrencies, with 68% and 48% ownership, respectively. The study indicates a “flight to quality,” with 65% of investors holding only two to five types of crypto assets. Lasanka Perera, CEO of Independent Reserve Singapore, noted, “Seasoned investors in Singapore have weathered a few market cycles and are now choosing to concentrate on a handful of strong, well-established cryptocurrencies they have conviction in.”
Public awareness of cryptocurrencies is at an all-time high, with 94% of respondents familiar with at least one crypto asset. The study also highlights the influence of US policies, particularly under President Trump’s administration, which has introduced crypto-friendly measures. This has contributed to a surge in Bitcoin’s value, surpassing $100,000 in December 2024.
Looking ahead, 53% of crypto investors are likely to buy more in the next 12 months, reflecting continued confidence in the market. However, 58% of respondents indicated that clearer regulations would increase their trust in cryptocurrencies. As Singaporean investors navigate this selective bull market, they are prioritising strategic, informed decisions over speculative hype.
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