The World Economic Forum's annual Global Risks Report flagged the bursting of “asset bubbles” including cryptocurrency as one of the top risks likely to affect countries as a “polycrisis” looms.

The report included the results of the 2022 Executive Opinion Survey (EOS), in which the WEF asked a group of 12,000 respondents to rank a list of 35 different risks that they see as posing “the biggest threat” to their respective countries in the next two years.

"Asset bubble burst," which includes cryptocurrency, stocks, energy, and housing, was identified in the top five risks in 12 out of the 121 countries surveyed—most notably in China, South Korea, Canada, and the United Kingdom.

(By Max Koopsen)