Chart of the Day: SG Bitcoin price predictions

This chart from the inaugural Independent Reserve Cryptocurrency Index shows that more than 50% of Singaporeans believe Bitcoin’s value will increase past $50,000 in 2030.

The survey was conducted with a respondent pool of 1,000 Singaporeans by Toluna, not all of them cryptocurrency users.

It found that 43% of Singaporeans surveyed own cryptocurrency, with a majority coming from the 26-45 age group.

Meanwhile, 46% of the respondents plan to buy crypto in the next 12 months, again higher in the age group of 26-45.

Amongst the respondents with cryptocurrency, 40% have more than $100 per month investment, whilst 4% have invested more than $10,000 per month.

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