BTC trading hours have surpassed the US stock market since the dollar and gold decoupled

Original title: Bitcoin Is Officially Older Than The Fiat Era Stock Market

Author: Anthony Pompliano, Founder and CEO of Professional Capital Management

For investors, the world changed on August 15, 1971 - President Nixon implemented a series of reforms to the US economy in response to high inflation. These reforms are called the "Nixon shock".

The changes in the Nixon shock include: 1. Wage freeze; 2. Price freeze; 3. Import surcharge; 4. Decoupling of the US dollar from gold and canceling the international convertibility of the US dollar and gold.

The Nixon shock ushered in a new era in the United States - the full fiat currency system began.

Since that date, the U.S. stock market has been open for trading for just over 100,700 hours. This may seem like a useless data point, but Cory Bates points out that something interesting has happened this year that makes the trading hours of the U.S. stock market in the era of pure fiat currency worth paying attention to.

Bitcoin, which was only launched in 2009, has officially surpassed the U.S. stock market in terms of trading hours. Bitcoin currently has more than 123,000 trading hours, which is nearly 25% higher than the trading hours of public stocks in the era of pure fiat currency.

There are two revelations in this information: First, the US stock market is closed for longer hours per week than it is open, which is crazy. And it is really eye-opening that Bitcoin began to be publicly traded less than 15 years ago, but it is more accessible than the public stock market in the past 50 years.

Second, you can say that Bitcoin is older than the stock market in the era of full fiat currency. In terms of total years, digital currency may not be old, but in terms of trading time, it is certainly more mature.

Some would disagree and may claim that the history of the US stock market dates back to before 1971. While he is telling the truth, the monetary regime change in the Nixon Shock is the most important factor in today's stock market.

Why is the Nixon Shock the most important? The rise in the US stock market is largely driven by the depreciation of the fiat currency. The more the dollar falls, the faster the stock market rises.

How do you know? The Chicago Mercantile Exchange Group has two excellent charts that highlight (1) the performance of gold relative to stocks and (2) the U.S. stock market in terms of gold.

Let's get back to my main point - although Nixon did not explicitly predict it, the US stock market underwent a major change in 1971. If you look at the market since the beginning of this new era, it has been trading for a shorter period of time than Bitcoin.

Bitcoin's robust system has been tested more than the US stock market. This statement will puzzle traditional financial people. But it is true.

The system is only tested when it is used. The Bitcoin market is used more than the stock market in the era of full fiat currency. This is a story that should be widely spread.