In a survey conducted on cryptocurrency in Singapore in 2023, 60 percent of respondents indicated that the main benefits they were hoping to gain out of crypto was short-term profit, and capital appreciation through long term holding/investment. In comparison, 18 percent of respondents invested to save money on remittances and payments.
Reasons for investing in cryptocurrency in Singapore as of November 2023
Original question: "What benefits are you hoping to gain out of cryptocurrency?"
A crypto familiar is defined as a respondent who has selected one of the following options: “Currently own crypto”, “Previously owned, but not currently”, “Interested in owning crypto, but don’t currently own”, “Familiar with crypto but not interested”.
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Seedly. (December 21, 2023). Reasons for investing in cryptocurrency in Singapore as of November 2023 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1296145/singapore-reasons-for-investing-in-cryptocurrency/
Seedly. "Reasons for investing in cryptocurrency in Singapore as of November 2023." Chart. December 21, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1296145/singapore-reasons-for-investing-in-cryptocurrency/
Seedly. (2023). Reasons for investing in cryptocurrency in Singapore as of November 2023. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1296145/singapore-reasons-for-investing-in-cryptocurrency/
Seedly. "Reasons for Investing in Cryptocurrency in Singapore as of November 2023." Statista, Statista Inc., 21 Dec 2023, https://www.statista.com/statistics/1296145/singapore-reasons-for-investing-in-cryptocurrency/
Seedly, Reasons for investing in cryptocurrency in Singapore as of November 2023 Statista, https://www.statista.com/statistics/1296145/singapore-reasons-for-investing-in-cryptocurrency/ (last visited December 21, 2024)
Reasons for investing in cryptocurrency in Singapore as of November 2023 [Graph], Seedly, December 21, 2023. [Online]. Available: https://www.statista.com/statistics/1296145/singapore-reasons-for-investing-in-cryptocurrency/
