Sentences with phrase «century tulip bubble»

Not exact matches

The current craze for bitcoin, and cryptocurrencies in general, have been likened by some to the 17th century Dutch tulip mania and more recently the dotcom bubble.

The tulip craze in 17th - century Amsterdam pitted insanely competitive flower breeders against one another, drove a market bubble and gave still - life painters a new theme.

«Former minister and author Rhyu stated that cryptocurrencies are the 21st century's tulip bubble.

Someone is going to get killed,» Dimon said, referring to the economic bubble that formed around tulip bulbs in the 17th century.

Lubin argued the cryptocurrency bubble is fundamentally different from the American housing market crash of 2008 and Dutch tulip mania in the 17th century, to which the bitcoin gold rush has been compared.

The People's Daily, the official newspaper of the Chinese Communist Party and the biggest newspaper group in China, recently published a piece calling bitcoin a bubble, and comparing the cryptocurrency to the 17th - century Dutch tulip bulb bubble., just like JP Morgan's Jamie Dimon did.

Additionally, while the comparisons with other bubbles (the tulip bubble of Dutch fame, or the land bubble in the mid 19th century) the underlying Blockchain technology provides a basis for value in the Bitcoin ecosystem that is maintained by the consensus of the majority.

She clarified that albeit the market is in a bubble, it shouldn't be banned, just like the Netherlands didn't ban tulips in the 17th century, or like the government didn't ban tech stocks in the early 2000s.