With Bitcoin breaking over 100K,( I wrongly thought it might have topped out two weeks ago) some historical perspective is warranted. While the comparisons may not be exact, the Dutch Tulip Bulb period in the 1600’s offers some perspective. Tulips were first introduced in 1593. The bubble only really got started a little over 40 years later and ran it’s course by topping in 1637.

Bitcoin is only about 15 years old. Since methods of both communication and conducting financial transactions are much quicker and technologically advanced than 400 years ago, Bitcoin is unlikely to take 40 years to reach it’s peak and collapse. The tulip peak occurred in February of 1637. So a rhyme rather than a repeat, might mean bitcoin mania is close to reaching it’s blowoff top and collapse.

Let’s see if after 2025 begins, and equities blowoff and correct, whether Bitcoin does the same or continues higher?