A Financial Times report noted that a traditional portfolio composed of 60% stocks and 40% bonds will have experienced its worst performance since 1932, when the United States was in the midst of the Great Depression.
Meanwhile, tech stocks, which some theorize have a correlation to cryptocurrency prices, haven't had a great year either.
U.S. tech giants such as Netflix, Meta, Zoom, Spotify and Tesla have also had particularly difficult years; their share price declines range from 51% to 70%.
Some of the cryptocrises that have occurred throughout 2022 include the bankruptcies of FTX, Celsius and Three Arrows Capital, as well as the collapse of the Terra network.
Thanks for reading, have an exciting and productive day.
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