Almost half of Singapore's population invested in #cryptocurrency

Researchers at cryptocurrency site Independent Reserve found that more than 40% of Singaporeans have #invested in cryptocurrency.

According to the survey, 43% of respondents said they owned cryptocurrency. Meanwhile, 91% said they had heard of cryptocurrency, with respondents aged 26-35 being the most knowledgeable group. Over 75% said they own two or more cryptocurrencies to diversify their portfolios. More than half of respondents named bitcoin #BTC as a means of savings. Most often respondents mentioned bitcoin and ether #ETH , but it is unclear how many investors keep these cryptocurrencies in their portfolios.

Despite falling #market prices in 2022, over 70% of respondents said they would advise their loved ones to invest in cryptocurrency.