SR031: Eigth CryptoSuper500 List – Report

Eighth CryptoSuper 500 List: $19B Annual Value, US Leads BTC Mining with 38% – Report

We make three observations for the decline in BTC price in dollars. The first is the unfavorable macroeconomic backdrop. While inflation has been rising worldwide, the growth rate in most countries has been falling as the “post-COVID” bounce in economies wore off, and as COVID didn’t end even while becoming more endemic, and as supply chain disruptions cut activity in some sectors. And for the last three months the world has experienced the brutal invasion of Ukraine and the sanctions on Russia, further slowing economic activity while also contributing to inflation.