Normal trading doesn't take up the entire 24-hour cycle. In fact, it only takes up 6.5 hours (Wall Street opens at 9:30am EST and closes at 4:00pm EST). Bitcoin prices, on the other hand, are broadcast throughout the entire day. Thus, after a one-year period, bitcoin and other cryptocurrency assets have traded for 8,760 hours (365 days x 24 hours).
On the flipside, Wall Street has only traded for 1,625 hours (approximately 250 business days x 6.5 hours). Thus, one year of "bitcoin time" is the equivalent of 5.4 years of "Wall Street" time (8,760 hours / 1,625 hours). In two years time, bitcoin has already experienced more than a decade's worth of trading!
The stated 2 years in my previous post was just a quick math answer, but i'm sure the exact date could be calculated with this info!
That primarily refers to the U.S. Stock market. There are several gold spot price markets that trade 23 hours per day... and they have been for a long time now.
In this article:
https://steemit.com/bitcoin/@bullishmoney/mainstream-media-ignorantly-spreads-bitcoin-bubble-fears
The author states the following:
The stated 2 years in my previous post was just a quick math answer, but i'm sure the exact date could be calculated with this info!
That primarily refers to the U.S. Stock market. There are several gold spot price markets that trade 23 hours per day... and they have been for a long time now.
You're right, i didnt think of that...
Although it is foremost traded in USD