A recent survey by Independent Reserve found that 43% of 1,500 Singaporean respondents own cryptocurrencies, with diversifying portfolios being the primary reason for investment. 91% of respondents are aware of the asset class, with Bitcoin being the most recognized crypto.Bitcoin is the most popular, with 87% recognition, while Ethereum ranks second with 51%.

The survey also found that women have outperformed men in gaining profits, with 76% admitting to making money or breaking even. The investment amount depends on people's salaries, with higher-income earners allocating more towards crypto.77% of the HODLers said they have two or more digital assets, with diversifying portfolios being the main reason behind the investment.