Bitcoin madness resembles 17th century tulip mania, which ended very badly | History

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Hundreds of merchants ruined by trading bulbs they didn’t already own

Cryptocurrencies are the new gold for many today. Skeptics see in this wave of speculation a wind trade, comparable to the 17th-century madness surrounding tulips. Exactly 385 years ago, panic arose among the hundreds of traders. Their investment object was suddenly worth nothing.

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