There are three narratives often used to describe Bitcoin—that it’s entering a new bull run, it’s a tulip mania, or that it’s comparable to the dotcom bubble. But there is a fourth more pessimistic scenario for BTC, according to Zcash founder Zooko Wilcox. 1) Market is in a new bull run. This scenario most commonly touted by influential cryptocurrency pundits is the bull case. NYT SAN FRANCISCO Digital gold. The new tulip mania. A virtual currency. Whatever you want to call it, Bitcoin is on an extraordinary run, soaring an all-time high above $10,000 on Wednesday on major exchanges and digital currency indexes, including the widely followed Luxembourg-based trading platform BitStamp. Market meltdowns, a failure of leadership at both the state and corporate level and a disruption to human civility are all built into the crypto mindset following the recession of 2007-2008. Tulip Mania One of the most famous market bubbles of all time, and one of the first documented, was Tulip Mania in Holland in the early 17th century. The Dutch coveted the vibrant colors of tulip SAN FRANCISCO — Digital gold. The new tulip mania. A virtual currency. Whatever you want to call it, Bitcoin is on an extraordinary run, with the price of a single Bitcoin crossing $10,000 on
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In 1637 the price of a single lot of ten variegated leaf tulip bulbs reached that of an Amsterdam town house, the equivalent of Euro 2-3 million in today’s money. This was the era of Tulip Mania. Like this video? Sign in to make your opinion count. ... FS MaNiA 3,058,416 views. ... Pilotseye.tv - Lufthansa Airbus A380 - Departure from San Francisco [English Subtitles] - Duration: 21:29 ... 7/15/20 Wed - 7:15 Prayer 8:00 Mass St Dominic's Catholic Church San Francisco 99 watching Live now Catholic Mass Today Daily TV Mass, Wednesday July 15 2020 - Duration: 29:10. Like this video? Sign in to make your opinion count. ... July 19, 2020 San Francisco Bible Church 194 watching. Live now; PILOT DIES, Passenger Lands King Air - Duration: 43:07. FS MaNiA ... Financial bubbles and bitcoin ... We look at the psychology behind things like tulip mania, and ask if the current bitcoin craze is indeed a bubble waiting to burst.