What caused tulip mania in the 17th century in the Netherlands and how is it similar to Bitcoin?
In this episode you’ll learn:
- Why discretionary income is needed for a mania to occur.
- Why the tulip trade was one of the first futures market.
- How much were speculators paying for tulip bulbs at the top of the market.
- What was the impact of the tulip bulb crash.
- How Bitcoin is like tulipmania.
Show Notes
Extraordinary Popular Delusions and The Madness of Crowds by Charles Mackay
Tulipmania: Money, Honor, and Knowledge in the Dutch Golden Age by Anne Goldgar
Episode Sponsors
Become a Better Investor With Our Investing Checklist
Become a Better Investor With Our Investing Checklist
Master successful investing with our Checklist and get expert weekly insights to help you build your wealth with confidence.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Learn More
167: Is Bitcoin Better At Money Than The Dollar?
259: Will The Libra Cryptocurrency Revolutionize Money?
319: Here Come Central Bank Digital Currencies
