Re: Bitcoin has more active hours than the stock market
No matter how much I study Bitcoin, there’s always something that amazes me.
Today I discovered something really cool: If we consider the “beginning” of the modern stock market in 1971 – when the US abandoned gold – Bitcoin has been online longer than the stock market.
Since 1971, the stock market has had 10,737 hours of active trading hours.
Bitcoin – 38 years younger – has had 123,774 hours of active trading hours.
Today I discovered something really cool: If we consider the “beginning” of the modern stock market in 1971 – when the US abandoned gold – Bitcoin has been online longer than the stock market.
Since 1971, the stock market has had 10,737 hours of active trading hours.
Bitcoin – 38 years younger – has had 123,774 hours of active trading hours.
Some may not understand this presentation but let me make it clear that the rate of bitcoin activity trading duration surpassed the stock markets because bitcoin does not have a closing season or even such sanitary holidays that the government would always impose on the stock market due for some personal public service reasons.
Imagine such system of economy regulations where traders in the stocks would be ordered not to function in some specific periods just because a set of governance remarking a honouranary situation such as public holidays but meanwhile traders are loosing a lot in their businesses and of course it would affect the economy and public revenues but bitcoin as a digital and a decentralized trading technology is at 24/7 activite that even at disasters, bitcoin trading still flexible and active in conjunction globally.
So, there should be every reasons why the activeness of bitcoin trading should surpass the stocks market duration.