TexasPuma on Nostr: Boomers talking about Tulip mania and BTC. Do they even chat gpt??? #grownostr Why ...

Boomers talking about Tulip mania and BTC. Do they even chat gpt??? #grownostr

Why Bitcoin is Not Like Tulip Mania

1. Timeframe

• Tulip Mania: Lasted ~3 years (1634–1637) before crashing.
• Bitcoin: Around for 15+ years, with repeated cycles of growth and recovery.

2. Market Size

• Tulip Mania: Peak market size ~$1B (adjusted for inflation).
• Bitcoin: Market cap >$500B, part of a $1T+ cryptocurrency market.

3. Adoption

• Tulip Mania: Speculative trade by a niche Dutch group.
• Bitcoin: 114M+ users globally, accepted as legal tender in countries like El Salvador.

4. Scarcity

• Tulip Mania: Tulip supply increased over time.
• Bitcoin: Fixed supply of 21M coins, creating provable scarcity.

5. Utility

• Tulip Mania: Ornamental, with no broader economic use.
• Bitcoin: Used for payments, remittances, and as a store of value, backed by blockchain technology.

6. Institutional Impact

• Tulip Mania: No institutional involvement.
• Bitcoin: Adopted by major firms like BlackRock, Fidelity, Visa, and governments.

Conclusion

Tulip mania was a fleeting speculative bubble, while Bitcoin represents long-term innovation with measurable adoption, scarcity, and utility.