As bitcoin booms, Simon Goldthorpe revisits some historical investment bubbles including the Victorian rush to locomotives and the first futures market in tulip bulbs...
If you've been paying any attention to the headlines at all these last few months, you'll be aware of the latest ‘boom' in bitcoin. You might have first heard about the cryptoasset in December 2017, when its value surged to almost $20,000 per coin. And although its price fell sharply in the months that followed, it's recently grown to over double that amount. They say that those who don't learn from history are doomed to repeat it. So I thought it might be time to look at some historical parallels and see what we can learn about the bitcoin bubble. ‘Tulip mania': the first financi...
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