Are Bitcoins A Tulip Mania ¡¡¡

                                                                      Are Bitcoins A Tulip Mania ¡¡¡

 Tulips were first introduced to Europe around 1550 and , by 1607 , these exotic bulbs had become all the rage . Futures traders drove prices sky high . By 1634 , the demand for tulips created a boom and futures traders went into a speculative mode never seen Before In The History Of Futures Trading  .

                                                          Tulip Mania Bubble Chart

                                                                             

                     “Technology has advanced greatly, but human psychology is still the same”         

 Regarding bitcoin , The First Famous Cryptocurrency Reach $4,020 in August , more Than 50,000 times its price in 2010 When The Price Was  Just 6 Cent .       

 In a phone interview , Elliott Prechter Told CNBC  That we’re seeing  a final fifth wave from six cents . The Younger Prechter Said : “It does not imply it will go to zero. It does not imply it will go to six cents. I do think it will happen to the clones [newly formed digital currencies].” 

 What The Experts Say :

• Standpoint Research’s Ronnie Moas said in early July that bitcoin could possibly reach $5,000 “in a few months.”
• Fundstrat’s Tom Lee issued a report around the same time on why bitcoin could soar to $20,000 or $55,000.
• Forbes reported Tuesday that legendary investor Bill Miller bought bitcoin in 2014 and that it’s one of the top holdings in his $120 million hedge fund.
• Josh Brown, CEO of Ritholtz Wealth Management and a CNBC contributor, said in a blog post he used Coinbase to buy bitcoin with a “small amount of money.”
• Goldman Sachs and Morgan Stanley have also discussed bitcoin and the blockchain technology behind it in recent reports.

…….  And You ¡¡¡. what Do you Think About bitcoin Bubble ¡¡¡¡¡¡