– Meanwhile the speculative Bitcoin bubble continues to inflate. Hard-core Bitcoiners are presumably getting sick of it being compared with the tulip mania of 1637, but the parallels are obvious, what with the constant hype about the ever-soaring value of some random commodity — because Bitcoin is generally being treated as a commodity rather than a currency. –
Read source article here
But personally, I’m with former president of the Dutch Central Bank, Nout Wellink, on this one. “This is worse than the tulip mania,” he told students this week. “At least then you got a tulip.”