Tulips and Bitcoin: A Stunning Replay of 400 Years of Speculation When Tulip Bulbs Meet Blockchain A Speculative Cycle Spanning 400 Years!
Tulips and Bitcoin: A Stunning Replay of 400 Years of Speculation
When Tulip Bulbs Meet Blockchain: A Speculative Cycle Spanning 400 Years
Imagine a tavern in Amsterdam in 1636, where a group of merchants raised their glasses shouting 'tulips will always rise', while in a 2021 crypto forum, young people stared at candlestick charts frantically commenting 'Bitcoin breaks 120,000'—history never repeats itself, but it rhymes chillingly.
1. The Madness of the Golden Age: From Maritime Coachmen to Code Believers
In the 17th century, the Netherlands had just defeated Spain, and maritime trade was booming. Even dock workers dared to bet half a year's salary on a single tulip bulb. The then most popular variety, 'Eternal Augustus', could fetch the price of a mansion by the Amsterdam canals, but what was its actual use? Just a splash of spring color in noble gardens.