The myth of "rags-to-riches" in the crypto world is often exaggerated. Most of the "wealth" exists only as numbers on paper, yet to be realized or integrated into the real economy. Those who truly profit are early entrants who successfully exit, and their gains fundamentally come from the funds of those yet to cash out. The crypto space is a typical zero-sum or even negative-sum game, where wealth collapses when the bubble bursts.

Singapore’s ability to attract these high-net-worth immigrants underscores its appeal as a global financial hub but also carries risks. If virtual wealth without real economic backing becomes predominant, it could threaten economic stability. For individual investors, it is crucial to recognize the risks behind the wealth myth and avoid blindly chasing bubble assets.

True wealth accumulation should be tied to the real economy and long-term value creation to ensure sustainable growth.