THE PERPETUAL EXCHANGE
June 22, 2021
1BTC:$32538.255000
- Artist
- Fact Date
- Fact #
- undefined
- Printing Specifications
- Paper / Stock
- Page Size
On June 22nd, 2021, Bitcoin finally out‑clocked Wall Street. After years of running 24 hours a day, seven days a week, Bitcoin’s market racked up more total trading hours than the S&P 500 ever had since the index’s launch in 1957.
Bitcoin's ability to be traded round the clock sets it apart, offering a level of accessibility and flexibility unmatched by traditional markets like the S&P 500. This ability not only highlights Bitcoin's unique position in the financial landscape but strengthens the case for its maturity as an asset.
The S&P 500’s “live” history is tied to the New York Stock Exchange, which runs 9:30 a.m. to 4:00 p.m. ET, five days a week, with holidays and the occasional storm or shock that stops the bell. Bitcoin does not keep office hours. It never closes, not for weekends, not for holidays. Over any normal week, that equates to 168 hours for Bitcoin against 32.5 hours for the NYSE. Given enough time, that math has only one ending.
The race to this temporal milestone was one of asymmetric speeds. The S&P 500 began with a colossal head start of over 78,000 hours, accumulated over 53 years before Bitcoin's market even existed. However, once Bitcoin's 24/7 clock started ticking in July 2010 – the point at which it started experiencing price discovery – it began closing this gap at a rapid and predictable rate of over 7,000 hours per year.
The moment when Bitcoin officially surpassed the S&P 500 in total trading hours marks a significant milestone in its journey. More than just a number, it symbolises Bitcoin's resilience and its established presence in the financial markets.
As we continue to witness Bitcoin's growth and its trading hours extend even further, it becomes increasingly difficult for skeptics to dismiss its significance. The numbers are clear, and they tell a story of an asset that is not only surviving but thriving.
Bitcoin's 24/7 trading capability is more than just a technical feature; it's a pivotal characteristic that sets it apart from traditional assets, making a strong case for its maturity and longevity in the financial landscape. Newcoiners as well as seasoned Bitcoiners can draw confidence from this analysis, knowing that Bitcoin is carving its path forward, one block at a time.
- Artist
- XXXXX
- BTC On this day
- June 22, 2021
- Market Cap
- $609,780,117,366
- Block Number
- 691,562
- Hash Rate
- 99,798,646.773 TH/s
- Price Change (1M)
6%
- Price Change (3M)
37%
- Price Change (1Y)
243%
