For digital assets, headwinds from both the top-down macroeconomic and bottom-up crypto-specific perspectives have been blowing hard, causing the greatest ever loss.
We are seeing the emergence of a brand-new asset class with digital assets, one that is based on a technology that might completely alter the way the world's financial system operates.
The level of wealth destruction we have observed in the space has reached its highest point ever this year as a result of top-down macroeconomic headwinds and bottom-up crypto-specific headwinds.
Risk assets have been under intense selling pressure ever since the US Federal Reserve first announced in November 2021 that it would cut its asset purchases and tighten monetary policy.
Digital assets have experienced the greatest decline ever as a result of severe headwinds from both the top-down macroeconomic and bottom-up crypto-specific headwinds.
With digital assets, a brand-new asset class that is just emerging and is based on a technology that could completely alter the way the world's financial system operates is emerging.
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Digital assets have experienced the worst ever decline in terms of the amount of value destruction.