Survey published by Asia-Pacific cryptocurrency exchange Independent Reserve, cryptocurrency acceptance notably Bitcoin adoption is increasing in Singapore among younger generations wanting to profit on the generational wealth potential of Bitcoin.

One of the critical indicators of Singaporean attitudes to cryptocurrency is actual adoption. In 2021, 43% of Singaporeans own a cryptocurrency. The ownership for those under the age bracket of 26-45 is the maximum.

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Cryptocurrency adopters in the 26-45 age bracket have the most diverse portfolios, with 58% of them owning Bitcoin, 38% owning Ethereum, and various other tokens accounting for 36% of ownership. In comparison, the average ownership for all other age groups is BTC at 22% and ETH at 11%.

These high levels of adoption are due to increasing government transparency, which was the prime motive of trust in crypto adoption across all age groups, followed by education. When it comes to trust and confidence, only 7% of Singaporeans feel Bitcoin is a fraud.

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