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Bitcoin is a Mature Asset: Deep Dive into Total Trading Hours

Bitcoin is a Mature Asset: Deep Dive into Total Trading Hours

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We can think about the maturity of an asset as the number of hours it has been publicly traded, not the number of years it has existed on the market. Thus, bitcoin is much more mature than many think.

Comparing S&P 500’s Total Market Hours Vs. Bitcoin.

S&P 500 Founded: 1957 Total trading hours: 98,241

Bitcoin Founded: 2009 (price discovery: 2010) Total trading hours: 93,144 hours

Bitcoin is projected to overtake the S&P 500’s trading hours by July 18, 2021

Let's compare BTC to other traditional markets:

$BTC Total trading hours: 93,144

$DJIA Total trading hours: 182,127.5

$NYA Total trading hours: 80,272.5

$IXIC: Total trading hours: 78,677.5

$W5000: Total trading hours: 74,662.5

Only $DJIA has more trading hours than $BTC.

Source: Deniz Saat / Bitcoin Magazine

submitted by /u/digitalmoneyguru
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