Heard on the Street: Trillions have been earned on crypto. Why don’t we know more about how much has been spent?
Cryptocurrency companies just spent millions of dollars on Super Bowl ads. What’s harder to say is how much crypto investors spent on game day.
Vast wealth has been created in cryptocurrencies, which globally now have a value of nearly $2 trillion, according to CoinMarketCap. While that pales in comparison to many other asset classes, it has risen quickly. The global value of crypto grew by nearly $1.5 trillion last year, compared with the S&P 500’s rise of nearly $9 trillion in market value, according to FactSet.
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