Mike on Nostr: I had to google it, because I'm too foolish to have heard of it 😂 Yes, this as ...
I had to google it, because I'm too foolish to have heard of it 😂
Yes, this as well.
The tulip phenomenon is often cited, but in modern day parlance, we can think of examples like Tesla, very good, but perhaps over valued for the stage it's at.
I think Bitcoin doesn't fall into this category because it's actually in its adoption phase and its price is increasing to reflect that.
It may one day, perhaps as soon as the next halving, over reach its final valuation and become victim to this theory, but not yet, I believe.
Yes, this as well.
The tulip phenomenon is often cited, but in modern day parlance, we can think of examples like Tesla, very good, but perhaps over valued for the stage it's at.
I think Bitcoin doesn't fall into this category because it's actually in its adoption phase and its price is increasing to reflect that.
It may one day, perhaps as soon as the next halving, over reach its final valuation and become victim to this theory, but not yet, I believe.