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It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History

 
BOUT FUKKKING TIME :)
User ID: 74009921
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12/12/2017 10:02 PM
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It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
[link to www.zerohedge.com]


One month ago, a chart from Convoy Investments went viral for showing that among all of the world's most famous asset bubbles, bitcoin was only lagging the infamous 17th century "Tulip Mania."


One month later, the price of bitcoin has exploded even higher, and so it is time to refresh where in the global bubble race bitcoin now stands, and also whether it has finally surpassed "Tulips."

Conveniently, overnight the former Bridgewater analysts Howard Wang and Robert Wu who make up Convoy, released the answer in the form of an updated version of their asset bubble chart. In the new commentary, Wang writes that the Bitcoin prices have again more than doubled since the last update, and "its price has now gone up over 17 times this year, 64 times over the last three years and superseded that of the Dutch Tulip’s climb over the same time frame."

That's right: as of this moment it is official that bitcoin is now the biggest bubble in history, having surpassed the Tulip Mania of 1634-1637.
Anonymous Coward
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12/12/2017 11:46 PM
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Re: It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
Nuh uh..I just mortgaged my house and bought in $18,000.
Im getting rich on my digital "will o' the wisps"
You guys are the suckers..haha
Anonymous Coward
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12/12/2017 11:46 PM
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Re: It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
epiclol
Texan
Leader of the Pack Elect

User ID: 75770338
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12/12/2017 11:50 PM

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Re: It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History
[link to www.zerohedge.com]


One month ago, a chart from Convoy Investments went viral for showing that among all of the world's most famous asset bubbles, bitcoin was only lagging the infamous 17th century "Tulip Mania."


One month later, the price of bitcoin has exploded even higher, and so it is time to refresh where in the global bubble race bitcoin now stands, and also whether it has finally surpassed "Tulips."

Conveniently, overnight the former Bridgewater analysts Howard Wang and Robert Wu who make up Convoy, released the answer in the form of an updated version of their asset bubble chart. In the new commentary, Wang writes that the Bitcoin prices have again more than doubled since the last update, and "its price has now gone up over 17 times this year, 64 times over the last three years and superseded that of the Dutch Tulip’s climb over the same time frame."

That's right: as of this moment it is official that bitcoin is now the biggest bubble in history, having surpassed the Tulip Mania of 1634-1637.
 Quoting: BOUT FUKKKING TIME :) 74009921


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