According to the released mid-year crypto outlook analysis, although the crypto market value fell below $1 trillion in the first half of 2022, this year’s crypto bear market is just a rounding error compared to the roughly $25 trillion market value evaporated by the global stock market ( Rounding error), the market value of crypto evaporation only accounts for a small part of the market value of global stock market evaporation.
At the beginning of July, the total market capitalization of cryptocurrencies accounted for about 1% of the global stock market market capitalization. Although it is lower than the peak of 2%, it has increased by about 10 times from 0.1% in 2017.
Also, it’s also worth noting that cryptocurrencies have recently begun to take on the global risk asset scene, with an early trend of increasing adoption of Bitcoin BTC 0.36% and other cryptocurrencies as global collateral in a digitized world.
