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Employees of goldman Sachs bank argue that the recent drop in the rate of the leading cryptocurrencies in terms of capitalization has had a slight impact on the US economy.
According to the company, virtual currencies account for only 0.3% of the net assets owned by Americans. Shares, on the other hand, account for about 29%.
In this regard, due to the decline in the value of coins, US residents suffered damage in the amount of no more than $ 333 billion, while the amount of loss due to the bearish trend in the stock market is estimated at $ 8 trillion.
Dynamics of changes in the share of shares and cryptocurrencies in the property of Americans
We expect that due to the depreciation of cryptocurrencies, the costs of Americans will be reduced by a very small amount, “said Goldman Sachs economist Jan Hatzius.
Experts estimate that the loss of $ 1 on investments in shares leads to a decrease in the costs of Americans by 3 cents. Accordingly, as a result of the dump in the value of securities during 2022, the costs of US residents to pay for goods and services decreased by $ 240 billion.
Consumer spending accounts for 70% of the country’s GDP, in this regard, many experts predict a recession in the US economy.
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