$25 Trillion Worth Of Wealth Has Evaporated In Just One Month, Equivalent To All Of The Value In The Crypto Market Being Wiped Out 150 Times

March 25, 2020 / by Zachary Mashiach

This year the stock market went from record highs to being in a severe bear market in the blink of an eye due to the Coronavirus pandemic. It is obvious that a ton of money has been lost due to the global market crash, although it is perhaps not well known exactly how much money has been lost so far globally. This article clarifies how much money has been lost, and compares this loss of money to the total crypto market cap to put it in perspective.

Source: Bloomberg, courtesy of ZeroHedge

According to data from Bloomberg, the value of all of the equity and debt in the world, which is basically stocks plus bonds, has declined $25 trillion. 

To put this in perspective, each dollar bill has a thickness of 0.0043 inches, so if you stacked $25 trillion worth of dollar bills it would create a tower that is 1.7 million miles high. The moon is 238,900 miles from the Earth, so this stack of money is enough to reach the moon 7 times. 

Also, this stack of $25 trillion would be enough to circle the Earth 68 times.

Another way to put this in perspective is to compare this $25 trillion to the size of the crypto market. Currently the total crypto market cap is $170 billion. This means that all of the Bitcoins (BTC) in existence combined with the total value of all of the thousands of other cryptocurrencies is $170 billion.

Now imagine that all of the money in the crypto market was wiped out 150 times, and that is equivalent to the total amount of money lost on global markets in about one month. 

No matter which way you look at it, the amount of money lost on global markets in the past month is pretty much unimaginable.

Finally, although the crypto market had a bad month as well, with the total crypto market cap declining from $300 billion to as low as $120 billion, the $180 billion lost at the most extreme point of the crypto crash is nothing compared to losses on global markets. Also, the crypto space is already recovering with the total crypto market cap rising back to $170 billion, whereas global markets continue to decline.

Don’t Miss out on top
crypto trade secrets

join crypto iq
Essentials Package
only $9/month

Retail $29/month
  • Access To Charlie's Private Facebook Group
  • Crypto Dime Daily Digest Of All The News You Need
  • Daily BTC Technical Analysis From IQ's Trading Wizard's
JOIN NOW
Click Me

Don’t Miss out on top
crypto trade secrets

join crypto iq
Essentials Package
only $9/month

Retail $29/month
  • Access To Charlie's Private Facebook Group
  • Crypto Dime Daily Digest Of All The News You Need
  • Daily BTC Technical Analysis From IQ's Trading Wizard's
JOIN

Don’t Miss out on top
crypto trade secrets

join crypto iq
Essentials Package
only $9/month

Retail $29/month
  • Access To Charlie's Private Facebook Group
  • Crypto Dime Daily Digest Of All The News You Need
  • Daily BTC Technical Analysis From IQ's Trading Wizard's
JOIN NOW
close-link
Click Me

Don’t Miss out on top
crypto trade secrets

join crypto iq
Essentials Package
only $9/month

Retail $29/month
  • Access To Charlie's Private Facebook Group
  • Crypto Dime Daily Digest Of All The News You Need
  • Daily BTC Technical Analysis From IQ's Trading Wizard's
JOIN
close-link