Quick Take
Since its inception in 2009, Bitcoin has redefined the traditional trading timelines, operating with nearly 100% uptime and supporting 24/7 transactions.
As of Dec. 22, 2023, it has been actively traded for 5,466 days. Compared with the S&P 500, a standard bearer of traditional asset trading that operates five days a week, Bitcoin’s continuous trading timeline is equivalent to 21.02 years of the S&P 500’s operation.
This means that if Bitcoin were a traditional asset traded only on weekdays for 6.5 hours per day, its trading inception would be equivalent to starting in 2002, seven years before it was created. This highlights the unique time dynamics cryptocurrencies like Bitcoin bring to financial markets. They defy conventional trading hours, providing continuous market access.
The post Bitcoin matches 21 years of S&P 500 trading in just over a decade of 24/7 markets appeared first on CryptoSlate.
Source: https://cryptoslate.com/insights/bitcoin-matches-21-years-of-sp500-trading-in-just-over-a-decade-of-24-7-markets/