How Bitcoin Ranks Among Historical Bubble Bursts
As the Bitcoin bubble grew, so did the mysterious portrayal of the computational cash, which was relatively unknown to many across the country. Now, it’s price has dropped like a stone, but not before being compared to many other historical bubble-bursting crazes, like the 17th Century tulip market, which SU College of Law Professor Christian Day highlighted in a New York Times article.
Overall though for Day, comparing Bitcoin to this tulip craze? Well, now that’s unfair to tulips, as “the Dutch were not as crazy as they’ve been portrayed.”