Singapore "Collapse" Rumors: Asia's Crypto Hub is Undergoing a Strategic "Clearout"Recently, there has been a lot of talk on Chinese social media about the "Singapore Collapse Theory," with rumors claiming that millionaires are fleeing, crypto companies are withdrawing, and luxury stores are closing. However, data shows a completely different picture: Singapore's luxury market is expected to grow by 7-9% in 2025, the number of local millionaires reaches 242,400, and domestic wealth is steadily taking over. All of this is not a decline, but an active strategic de-risking.
Singapore is decisively moving away from dependence on short-term foreign speculative capital (especially some unclear sources of crypto hot money), and instead building a long-term sustainable development model supported by local wealth and strict regulatory compliance. For the crypto industry, this means the end of a "gold rush" era and the beginning of a more mature, more regulated "compliant port" era.
MarketWhisper·01-06 03:53