Singapore’s Crypto Exodus: Half of Investors Bail in 2024—Was It FUD or Just Good Old Profit-Taking?

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2025-05-22 09:51:44

Crypto ownership falls sharply in Singapore as half of holders sell in 2024, data shows

Singapore’s crypto scene just got a brutal reality check. Data reveals a staggering 50% drop in digital asset ownership as retail traders cashed out en masse last year—proving even the ’HODL forever’ crowd has its limits.

Was it regulatory pressure, market jitters, or just traders locking in gains before the next tax year? Either way, the Lion City’s crypto winter arrived early.

Funny how these ’long-term investors’ suddenly remember what sell buttons are when portfolios start bleeding. Maybe they’ll return after the next bull run—right in time to buy high again.

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