I'm sure Singaporeans wanted to use it as a data store rather than as store of value. Also, I'm afraid my views contradict with yours on this data. Not our views actually it's statistica vs a report by Gemini, as you mentioned.
According to a survey conducted in November 2022, Bitcoin was the preferred cryptocurrency among crypto owners in Singapore, with more than 31 percent of respondents indicating that they owned Bitcoin. Following closely behind, Ethereum was reported as the second most owned cryptocurrency during the same period.
Interesting
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