This Graph Shows Bitcoin Obsession Has Surpassed ‘Tulip Mania’

Among the most important bubble tales from the background of financial markets dates back to the 1600s and can be referred to. The purchase price of trendy tulips, highlighted by “Wall Street” character Gordon Gekko, jumped in value astronomically before crashing down nearly as rapidly.

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Tulip Mania also happens to be the very first reasonably well documented asset bubble accident, based on Statista. Although this occasion is not talked about, but appears to be important given the spike at the value throughout 2017 of bitcoin.

Some observers are saying that bitcoin’s rally may wind up replacing Tulip Mania as a “reference for a badly overinflated advantage bubble prone to burst at any momentum, Statista mentioned. But for the time being nobody could predict whether bitcoin’s recent drop from just shy of $20,000 into the $17,000 amount is the first stages of a massive meltdown or a dip that investors will take advantage of. You will find more data at Statista

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