[The junk GZ that should be cleared have all been found to have their cards, and most of the remaining Z should still be doing business]
This year, the discussion on cryptocurrency related to Singapore's "2049 Vision" is indeed relatively quiet, in sharp contrast to the lively scenes in previous years.
When asking several friends who have been deeply involved in this field, the feedback they received was mostly a sense of lack of information, as if this wave of industry has quietly passed us by.
Looking back at the industry ecology during the "2049" period, it is not difficult to find that the market is full of a subtle "mutual assistance" atmosphere, but more often it is mutual testing and searching between project parties and investors, rather than substantive cooperation and win-win.
Poor projects and venture capital institutions with tight funds seek financial support everywhere, but are often met with cold reception. The cautious attitude of investors makes the road to financing more difficult.
And those investors with a lot of money are more inclined to participate in a short-term "showy" manner, and then withdraw in a hurry, and rarely plan to take root for a long time.
On high-end private gaming tables, Texas Hold'em games with more than 1,000 Us also frequently "flash back", further exacerbating the instability of the market.
It is particularly noteworthy that the impression of the local people in Singapore on the cryptocurrency industry has fallen to the bottom.
A series of incidents of fund collapse, project failure, and exchanges absconding with funds have occurred one after another, leaving countless local investors penniless and their confidence severely damaged.
It is no wonder that the Monetary Authority of Singapore (MAS) has remained silent on the cryptocurrency field recently. After all, in the minds of the people, the industry has almost become "a rat crossing the street, everyone shouts and beats it."
However, in this storm, a "side effect" was unexpectedly spawned - Singapore's housing prices have indirectly risen due to the cryptocurrency boom.
Although this change is not entirely positive for ordinary people, it has undoubtedly become a unique mark left by the cryptocurrency storm on Singapore's economic landscape.