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🚀 Is the comparison between Bitcoin and the historical tulip bubble accurate?
According to Eric Balchunas, an ETF analyst at Bloomberg, the comparison of the recent Bitcoin price correction to the tulip bubble of the 17th century cannot be considered accurate or logical.
💡 Here are the key points:
Tulip bubbles lasted only 3 years and ended in a complete collapse.
Bitcoin has withstood significant declines over 17 years, and has reached historical highs multiple times.
In the past 3 years, Bitcoin has risen about 250%, including 122% last year.
The current pullback is considered a natural correction of excessive profits, not a catastrophic collapse.
🔹 The only similarity between Bitcoin and tulips? They are both non-productive assets.
But remember: gold, Picasso paintings, and rare stamps are also non-productive, yet they maintain their value over the long term.
✨ In conclusion:
Bitcoin is not just a "momentary craze," but a unique asset that is completely different from past bubbles.
📌 Share your opinion: Do you see Bitcoin as an investment opportunity or just a passing correction?
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