S’pore non-retail investors more likely than global peers to boost crypto holdings in 2025: Poll

Quick Summary:

More than half, or 57 per cent, of the 121 Singapore-based respondents intend to raise their crypto allocations.

Bitcoin, the world’s most popular digital asset, has shot past US$89,000, jumping about 30 per cent since the US election on Nov 5 to hit US$89,599 on Nov 12.

Of those based in Singapore, 37 per cent said the availability of institutional-grade products is a reason for them to up their crypto allocations.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSwitzerlandThailandUnited KingdomUnited States

Topics: Cent Investors Bitcoin Found Poll Assets Crypto Digital Institutional Asset Singapore

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 05:00:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 707 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23576724

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