Reasons for investing in cryptocurrency Singapore 2021
In a survey conducted on cryptocurrency holders in Singapore in 2021, 81 percent of respondents indicated that the primary reason they invest in cryptocurrencies is to buy and hold. For 58.3 percent of Singapore users the main reason is to trade cryptocurrencies for profit and 43.1 percent to deposit them and earn interest, also known as yield farming. This reflects the strategy of the majority of cryptocurrency holders that are buying to hold for the long term.
