Rich more bullish on crypto in Indonesia than Singapore, Hong Kong

Study shows close to 40% plan to increase allocation despite downturn in tokens

Regionwide, the survey showed that 83% of high net worth individuals had no crypto investments or less than 5% of their portfolio allocated to the asset class. © Reuters

DYLAN LOH, Nikkei staff writer

September 7, 2022 18:00 JST

SINGAPORE -- The well-heeled in Indonesia appear more bullish on cryptocurrencies, even over their counterparts in the financial hubs of Singapore and Hong Kong, despite the rout of digital tokens this year, a study released on Wednesday shows.