Tulip Mania and Cryptocurrencies - Peter Vickers Business Group
finance | 12 Dec 2017 |
This “was a period in the Dutch Golden Age during which contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels and then dramatically collapsed in February 1637.
It is generally considered the first recorded speculative bubble” Source Wikipedia.
If you are thinking about the massive gains in the value of bitcoin or other cryptocurrencies, we suggest that you need to do some reading in economic history about the great Tulip crash.
We humans tend to ignore history and seem to make the same mistakes over and over again.
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