It’s official: Bitcoin has surpassed “Tulip Mania” and is now the largest bubble in world historical past. Tyler Durden reported on ZeroHedge:
One month in the past, a chart from Convoy Investments went viral for exhibiting that amongst all the world’s most well-known asset bubbles, bitcoin was solely lagging the notorious seventeenth century “Tulip Mania.”
One month later, the value of bitcoin has exploded even larger, and so it’s time to refresh the place within the international bubble race bitcoin now stands, and in addition whether or not it has lastly surpassed “Tulips.”
Conveniently, in a single day the previous Bridgewater analysts Howard Wang and Robert Wu who make up Convoy, launched the reply within the type of an up to date model of their asset bubble chart. Within the new commentary, Wang writes that the Bitcoin costs have once more greater than doubled for the reason that final replace, and “its value has now gone up over 17 instances this yr, 64 instances over the past three years and outmoded that of the Dutch Tulip’s climb over the identical time-frame.”
That’s proper: as of this second it’s official that bitcoin is now the largest bubble in historical past, having surpassed the Tulip Mania of 1634-1637.
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