According to a survey by cryptocurrency exchange Independent Reserve published on March 28, 76% of women in Singapore said they made money or broke even on crypto investments. Meanwhile, in men, this figure is only 72%.
The Independent Reserve (IRCI) survey polled 1,500 Singaporeans about their attitudes toward cryptocurrencies
Independent Reserve said that since the survey was first conducted in Singapore in 2021, this is the first time that women have outperformed men.
The survey also shows that the number of women investing in crypto has increased this year. 37% of women surveyed said they have invested in cryptocurrencies, up 7% year-over-year.
In addition, 48% of men are involved in investing in cryptocurrencies, a decrease of 1% compared to 2022.
According to the report, in the next 12 months, 48% of women plan to invest more in cryptocurrencies, and the remaining 43% intend to diversify their investments into other tokens, Defi or NFT. projects
The survey also revealed Singaporeans’ confidence level in cryptocurrencies, on a scale of 0 to 100. In this year’s report, Singaporeans’ confidence level reached 55/100, down from 61/100 in 2022.
Lasanka Perera, CEO of Independent Reserve Singapore, said that due to the collapse of the LUNA cryptocurrency, a series of cryptocurrency miners filed for bankruptcy, causing many people to lose confidence in this market.
However, 43% of those surveyed still continue to invest in cryptocurrencies, an increase of 3% compared to 2022, which is still a positive signal for the market.
A group of people who claim to still have faith in cryptocurrencies, 48% of those surveyed said they are planning to increase their current portfolio.
“As global financial events continue to unfold, investors will reassess their reliance on traditional financial institutions to protect their funds and turn to alternative financial institutions,” said Lasanka Perera. alternative assets like Bitcoin to hedge against bank defaults and currency devaluation
The CEO of Independent Reserve said that investors place long-term confidence in cryptocurrencies thanks to the regulatory framework established by the Singapore government in this area.
On December 3, 2022, Ravi Menon – Managing Director of the Monetary Authority of Singapore (MAS) confirmed at the Singapore Financial Technology Festival that the country’s government wants to become a digital asset hub, not a digital asset hub. where to speculate cryptocurrencies. Therefore, Singapore is constantly setting regulations to increase trust and assurance for investors, which helps an increasing number of people to recognize and accept cryptocurrencies