Bitcoin halving event sparks interest in Singaporean investors: report

Ahead of the upcoming Bitcoin halving event this month, nearly half or 48% of crypto investors in Singapore are set to double down on Bitcoin in the next 12 months, according to a report by Independent Reserve. Those holding more than 50% of their portfolio in crypto are the ones most likely to increase Bitcoin holdings (68%).

Singaporeans have shown greater interest in crypto following the recent policy developments in the sector, including the US SEC’s approval of Bitcoin exchange-traded funds (ETFs) which more than half of the respondents were aware of. The survey showed 39% now view Bitcoin favourably and 33% are more open to investing overseas as product offerings are not available in the city-stat

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