The decline in the value of stocks and bonds had a greater impact on US household savings than the negative revaluation of cryptocurrencies. CoinDesk writes that analysts at Goldman Sachs came to this conclusion.

The impact of the fall in the prices of Bitcoin and other digital assets will have a limited impact on aggregate demand due to the scale of such investments.

According to experts, US citizens own about a third of the total crypto market capitalization of $1.3 trillion. Households have a net accumulated wealth of $150 trillion (as of the fourth quarter of 2021).

The current price drop has likely reduced the valuation of digital assets by ~$300 billion. Their share to date is only 0.3%, according to analysts’ calculations. By comparison, inventories accounted for 33% of net retained capital. The decline in the value of securities impoverished shareholders by a total of $8 trillion.

Remember, US Treasury Secretary Janet Yellen said that there is no risk to financial stability due to the incident with TerraUSD.

Previously, Chainalysis experts had estimated the profits of US residents from their cryptocurrency investments to be $47 billion in 2021.