Do you still compare Bitcoin to the tulip bubble? Stop! By Cointelegraph
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© Reuters. To compare (BTCTo perpetuate the fallacy of the Dutch Tulip Bulb Bubble is to a) Decentralized networks are more useful than bouquets because technology is constantly evolving faster than natural processes. Bitcoin is technology; tulips, on the other hand, are plants. No one would disagree with that comparison.
Tulipmania was a market bubble that inflated the value of flowers due to Dutch investors’ speculation. It resulted in an enormous crash. The prices rose six times more than the average annual income. Rare bulbs were among the most valuable items on Earth.
Jonathan LibbySteady State’s founder and CEO is Jonathan. Jonathan, who enjoys making memes while researching all the opportunities crypto offers around the world, is working to create a new standard in DeFi insurance. Jonathan, who spent most of his college years at the University of Maine studying crypto coverage and yield-farming, has occasionally assisted the United States Senate in learning about alternative options and crypto.
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