Share this article
Bitcoin, Ether Did Better Than You Think in 2022
CoinDesk research shows that per unit of risk, bitcoin and ether performed significantly better than bonds and had similar results to equities in 2022.
Updated Mar 6, 2023, 3:04 p.m. Published Dec 29, 2022, 7:19 p.m.
Although the world’s largest cryptocurrency by market value, bitcoin , saw a roughly 64% decline in value year-to-date, CoinDesk research shows that bitcoin and ether returns in 2022 per unit of risk were about the same as equities and significantly better than bonds.
“We want to underscore this is not too different from what you would see in traditional markets, especially stock markets,” said Andrew Baehr, CoinDesk Indices managing director, on First Mover CoinDeskTV.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“Look at some of the darlings that people were really excited about 18 months ago in stocks, they’ve lost 80-90% of their value as well.”
Bitcoin and ether appeared to be affected by the same forces that made stock investing a challenge over the past year, including high inflation and the looming threat of recession. According to CoinDesk data, stocks were nearly twice as risky in 2022 as 2021.
When looking at what caused this, Baehr said in a research report, that liquidity has to be the number one candidate. “When you look back at the negative events in the cryptocurrency industry it’s not too hard to draw an arrow to quickly deteriorating liquidity conditions as a partial cause,” said Baehr.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
What to know:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
Top Stories
