Global asset markets have slowly and then all at once sunk into what is clearly a risk-off environment and will likely lead to bear markets across most risk asset classes. Metaverse pure-play companies like Roblox and Unity have seen 80% and 83% drawdowns from their highs, the Roundhill Ball Metaverse ETF is down 51% peak-to-trough while the Nasdaq Composite Index is down 30% and the Bloomberg Galaxy Crypto Index has lost 67%. So what does this all mean for the metaverse?
Investing in the Metaverse Through the Bear Market
Investing in the Metaverse Through the Bear…
Global asset markets have slowly and then all at once sunk into what is clearly a risk-off environment and will likely lead to bear markets across most risk asset classes. Metaverse pure-play companies like Roblox and Unity have seen 80% and 83% drawdowns from their highs, the Roundhill Ball Metaverse ETF is down 51% peak-to-trough while the Nasdaq Composite Index is down 30% and the Bloomberg Galaxy Crypto Index has lost 67%. So what does this all mean for the metaverse?