Bitcoin and the Tulip Bubble

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In this video, I discuss how people have been comparing Bitcoin to the tulip bubble since at least 2013, and the many problems with this analogy.

The tulip bubble inflated and popped once-- and tulip mania has never returned.

By contrast, Bitcoin's price chart looks more like Amazon. There are bubble-like characteristics at times, like blow-off tops, the bubble deflates, and then comes back to hit new all-time highs. This is something that tulips never did.

Those who call Bitcoin a bubble today will end up looking like those who called FAANG stocks a bubble in 2012.

If you are going to make an investment hypothesis, make sure that you leave your hypothesis open to being falsified. Otherwise, you might become a laughingstock like Peter Schiff.

Not investment advice! Consult a financial advisor.

Peter Schiff on Bitcoin as tulip mania:
https://www.cnbc.com/2013/11/12/peter-schiff-calls-bitcoin-bubble-tulip-mania-20.html

Karl Popper and falsifiability:
https://www.simplypsychology.org/Karl-Popper.html

Tulip price chart:
https://www.history.com/.image/t_share/MTcxMTc4Mzc2OTYxMjA1ODMy/tulip_mania_price_index1svg.jpg

CA housing prices:
https://fred.stlouisfed.org/series/SFXRSA
https://fred.stlouisfed.org/series/LXXRSA

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https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#Tulipmania

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