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 and other cryptocurrencies as global collateral in a digitized world.