What deters Singaporean non-crypto holders from investing into cryptocurrencies?

What deters Singaporean non-crypto holders from investing into cryptocurrencies?

The State of Crypto in Singapore Study: What deters Singaporean non-crypto holders from investing into cryptocurrencies? Survey of 4,345 Singapore based adults. Polled from 29 June 2021 to 9 July 2021. Published by Gemini, CoinMarketCap and Seedly.

What is Bitcoin (BTC)?

Bitcoin is the very first cryptocurrency and was founded by an anonymous person or group of individuals, named Satoshi Nakamoto. The Bitcoin Whitepaper,  published in 2008 describes Bitcoin as a “peer-to-peer electronic cash system“, i.e. there is no need for a central intermediary that processes the transactions between two individuals. The first Bitcoin version (Bitcoin Core) was launched in January 2009. In reference to Bitcoin inventor Satoshi Nakamoto, the smallest unit or possible denomination of Bitcoin is called Satoshi (SAT).

How do I get Bitcoin (BTC)?

You can buy Bitcoin (BTC) and other cryptocurrencies on so-called cryptocurrency exchange platforms, like Binance, Kraken or Coinbase.

Table & Chart Data

Source

Survey/Poll by

Published by

Source link

Region

Singapore

Release date

August 2021

Survey time period

29 June 2021 to 9 July 2021

Additional Notes

Last updated September 20, 2021. 

More than 4,348 Singapore based adults surveyed. Ages: 18 to 65 across varying household incomes.

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