Bitcoin's Available Price Record Covers Only the 2020 U.S. Recession

Bitcoin (BTC) fell during the brief 2020 U.S. recession, but the available price record cannot show how it performed in the Great Recession, limiting comparisons across downturns. The downturn began in December 2007 and ended in June 2009. Satoshi Nakamoto posted Bitcoin’s proposal to a cryptography mailing list on Oct. 31, 2008, while the contraction was underway. The available Bitcoin price series begins Dec. 1, 2014, more than five years after the recession ended. The timing separates Bitcoin’s creation from its later trading record.