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The spark of Tulip mania or as the Dutch refer to as, “tulpenmanie,” is very similar to today’s Bitcoin rage: they’re novel, a limited supply, and potential for great wealth. During this era, the tulips contracted a “virus” called mosaic which didn’t kill or damage the tulip population per-say; but acted as a catalyst transforming their petals into flame-like colors. The color ... As of this morning the value of digital currency Bitcoin soared to around $644 (approx. £400). This rocketing in valuation makes an individual Bitcoin worth more than an Apple share price, prompting many economists to compare its rise to the ‘Tulip Mania’ of the 1930’s Netherlands. Tulip Mania? For those, like most of us, who aren’t […] If this sounds an awful lot like the 2008 financial crisis, it’s because it is. Then, the asset was houses, but it was far from the first economic bubble. The first, and undoubtedly the most famous bubble is that surrounding tulips during the 1630s in the Netherlands. You may know it as “Tulip Mania”. In the early 1600’s, during the Dutch Golden Age, contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels and then fell dramatically in February 1637. The “tulip mania”, as it is now called, is known as one of the first recorded speculative bubbles. The term "tulip mania" is now often used… Things came to a head during the winter of 1636-37, when tulip mania reached its peak. By then, thousands of people within the United Provinces, including cobblers, carpenters, bricklayers and ...
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This video covers the accusation that Bitcoin is nothing more than a speculative bubble, and its comparison to things like "Tulip Mania." Sentdex.com Faceboo... Forbes Media editor-in-chief Steve Forbes and Layfield Report CEO John Layfield discuss bitcoin, the somewhat-controversial but increasingly popular cryptocu... This video is unavailable. Watch Queue Queue. Watch Queue Queue Queue Jamie Dimon, JPMorgan chief executive, says the enthusiasm for bitcoin is worse than Dutch tulip mania in the 1600s. But is the comparison between the two fair? But is the comparison between the ... When a tulip bulb cost as much as a house: The Tulip Mania of 1637 - Duration: 12:25. The History Guy: History Deserves to Be Remembered Recommended for you 12:25