Rs. 1,15,79,47,00,00,00,000 = $ 14 Trillion Wiped off Globally
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The figue in INR is so much big that I asked my kid to count the place value, but ultimately she gave up. This astonishing figure is the amount that is wiped off from equity globally in 2022. This make it one of the most trubullent time for world economy.
In 2022, we were getting back to normalcy after the #covid wave, but seems it got worst as far as financial market is concerned.
Primarily, the reason behind such a huge loss are the #covid-19 aftershocks and then the #Russia #Ukraine War that is heading to its 1 year. The mind boggling figure also contains the downfall in crypto markets. We have seen the greatest decline in #Bitcoin, it is down 60 per cent in 2022, and other larger crypto coins were is down by $1.4 trillion (Rs 1,15,79,47,00,00,00,00). The epicentre of such a collapse is falling of the #FTX empire.
This is one of the traumatic experince for all the investors as the ongoing recession is also going to backfire world economy. Currently, India is not much affected with the downfall, but can not be said much, we are expecting a crash sooner or later.
It is such a situation, that the only way investor can remain happy is not to panic and stay invested for future growth. *But the figure is staggering and just wondering where all the money gone ??
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