Singapore High Bitcoin Adoption – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides


An independent research survey published today examined Singapore’s awareness, adoption, trust, and confidence in Bitcoin and cryptocurrencies, finding a 63 of 100 rating for the Asian country.

The Independent Reserve Cryptocurrency Index (IRCI) is a research survey performed by the Australian bitcoin exchange Independent Reserve. The company attempts to measure how diffused bitcoin and cryptocurrency are in a particular country by evaluating a set of criteria.

Regarding awareness, the study found that 90% of Singaporeans have heard of Bitcoin, while nearly 40% own it. It also found that 57% of respondents have a preferred cryptocurrency, out of which 45% consider Bitcoin their favorite.

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