Thank you for your questions! It’s 7am now, so I will deploy my 💯 cognitive energy to reply you haha.

Yes, we have a high level of trust in our government. Of course, as with any society, 20% of the population finds fault with the government and hopes that more power be given to the opposition parties. The shift has gradually happened. The opposition used to occupy only one constituency in the entire nation for the longest time; during the last election, they extended their reach to two constituencies.

I belong to the silent majority (instead of the vocal online disgruntled minority) and believe that most of us are satisfied enough with the way our country is ruled. From my lens, I would say that the prevailing sentiment on the ground is that our government is efficient and competent but could probably do with more empathy.

The thing is, the Monetary Authority of Singapore has always painted crypto as highly volatile, speculative assets. It doesn’t distinguish between Bitcoin and shitcoins. Here are examples of the advisories it issues: https://www.mas.gov.sg/news/media-releases/2019/warning-on-fraudulent-websites-soliciting-cryptocurrency-investments#:~:text=The%20Monetary%20Authority%20of%20Singapore,cryptocurrency%20as%20its%20official%20coin. So the general public has been conditioned to think that Crypto is Dangerous!

There are alternative ways to invest, so since our preoccupation is making money, I doubt many Singaporeans will regard Bitcoin as a low time-preference asset. We want riches, and we want it Fast!

Another thing, there is a learning curve when it comes to buying BTC, and given that things are always done so efficiently by the government, most Singaporeans would shy away from the hassle, citing that it is super troublesome and that they have no time haha