A meme has been going around from YouTube comments to big bank CEOs that bitcoin is the next tulip mania fad or beanie babies craze. In the 1700s, tulips became immensely popular in the Netherlands and the price skyrocketed. However, soon prices collapsed and some traders and speculators were ruined. And then, not too long ago, remember Beanie Babies? The little collectible stuffed animals filled with beans that were very popular in the late 90s. I still have a few of them. For awhile, it was thought they were going to be worth lots, and they were. Some went for hundreds of dollars. Then it all came crashing down and they were relegated to the bargain bin. According to these robotic parrot trolls, bitcoin is headed the same way.
No, Bitcoin is not the next Tulip Craze