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It’s been a tough year for investors, not just cryptocurrencies, as United States (US) bonds have had their worst year in centuries and US stocks have fallen nearly 20% since 2022 began.
As of November 30, the Financial Times reported that traditional portfolios of 60% stocks and 40% bonds were in their worst recession since 1932, when the United States was in the midst of the Great Depression. will show performance.
Meanwhile, tech stocks, which are theorized to correlate with cryptocurrency prices, haven’t had a great year either.
An index that tracks the performance of US companies in the industry posted a 35.76% loss for the year.
Home tech giants such as Netflix, Meta, Zoom, Spotify and Tesla have all had particularly difficult years, with their stocks falling anywhere from 51% to 70%, according to Yahoo Finance.
U.S. home prices were stagnant through September and October, according to the latest data from the Federal Housing Finance Agency.
These stock and sector declines could help make the current crypto winter a better prospect. The crypto billionaire has recorded huge losses as the crypto market capitalization fell 64.5% over the year, he fell from $2.25 trillion to $798 billion.
Crypto crises that have occurred throughout 2022 include the bankruptcies of FTX, Celsius, Three Arrows Capital, and the collapse of the Terra network.
Related: BTC Price Holds $16.5K, But Funding Rate Increases Risk Of New Bitcoin Lows
According to a Dec. 30 tweet by investment analyst Andreas Steno, “all asset classes” will see a significant decline in 2022, with real estate soon to follow.
All liquid asset classes have fallen significantly this year, but we hear real estate will fall whether the storm is okay or not
No it doesn’t.. just be late.
— AndreasStenoLarsen (@AndreasSteno) December 29, 2022
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