Bloomberg Industry Research: Cryptocurrencies are coming to the global risk asset stage

According to the mid-year crypto outlook analysis published by Bloomberg Intelligence, while crypto's market capitalization dipped below $1 trillion in the first half of 2022, compared with the roughly $25 trillion wiped off global stock markets, This year's crypto bear market is a rounding error, with crypto evaporating a "tiny fraction" of the value of global equity markets. At the beginning of July, cryptocurrencies accounted for about 1% of global stock market capitalization, down from a peak of 2% but up about tenfold from 0.1% in 2017. In addition, it is also worth noting that cryptocurrencies have recently begun to emerge on the global venture asset stage, with the increasing adoption of Bitcoin and other cryptocurrencies as global collateral in a digital world an early trend.