⚡ BTC SURPASSES THE MYTH OF THE TULIPS: THE ETF ANALYST'S THESIS ⚡
According to Bloomberg's ETF analyst, Eric Balchunas, it is time to definitively archive the comparison between Bitcoin and the "tulip bubble" of the 17th century.
Balchunas emphasizes that 17 years of survival, 7 violent crashes, and new all-time highs (ATH) make it impossible to sustain the narrative that Bitcoin is just a speculative fad destined to fade away.
To understand the reference, one must go back to the Tulip Mania in the Netherlands in the 17th century: an episode where the price of tulip bulbs — considered a luxury and a status symbol — grew exponentially to absurd levels, only to collapse in less than three years, leaving behind enormous losses.
It is often cited as the first documented speculative bubble in history.
However, Balchunas explains that the comparison does not hold: tulips offered no economic or technological utility, whereas Bitcoin has built a decentralized global network, attracted institutions, generated regulated products like spot ETFs, and demonstrated a unique ability to recover after each market crisis.
For many detractors, the tulip meme remains just a way to provoke or ridicule those who believe in the value of BTC.
But the facts, according to Balchunas, speak for themselves: no "bubble" lasts nearly two decades while maintaining adoption, liquidity, and innovation.
Bitcoin, in short, is not the new tulip: it is the longest resistance test in the history of modern finance.
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