Investing Updates: More older millennials and Gen X in Singapore investing in cryptocurrency: report

Source:

https://www.businesstimes.com.sg/companies-markets/more-older-millennials-and-gen-x-singapore-investing-cryptocurrency-report

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A 2026 report by Independent Reserve shows that cryptocurrency adoption in Singapore is rising, particularly among older millennials and Gen X in the “sandwich class” (aged 35–54). About one-third of Singaporeans now own or have owned crypto, up from 29% in 2025, with participation especially high among middle-income individuals supporting both children and ageing parents.

For this group, crypto investing is driven more by financial necessity than novelty. Around 77% see it as important for long-term wealth building, significantly higher than the broader population. They are also more active traders, with 65% having sold crypto in the past year versus 44% overall.

Despite growing interest, most investors remain cautious. About 76% allocate 10% or less of their portfolio to crypto, consistent with a typical 70/20/10 asset allocation approach where crypto falls into higher-risk investments. Key motivations include portfolio diversification (38%), access to growth opportunities beyond traditional finance (33%), wealth accumulation (41%), and legacy planning (55%). Only a small minority (11%) invest for ideological reasons.

Investment behaviour also matters. Those using dollar-cost averaging (DCA) report better outcomes, with 55% seeing gains and only 15% reporting losses, compared with weaker results among irregular investors. Long-term holding further improves performance, with 87% reporting profits over a 10-year horizon.

However, barriers remain. Nearly half of non-investors cite price volatility as the main deterrent. Both investors and non-investors emphasise the importance of clear regulation, responsible industry practices, and stronger consumer protection to build trust. The findings suggest that while crypto is increasingly viewed as a legitimate part of diversified portfolios, greater education and understanding are still needed.