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Tulip mania's peak period lasted 6 months or so. Bitcoin has been growing for 7 YEARS. Why? Bitcoin solves a lot of real world problems. Tulips don't. At least
by mrb 10y ago
Tulip mania's peak period lasted 6 months or so. Bitcoin has been growing for 7 YEARS. Why? Bitcoin solves a lot of real world problems. Tulips don't.
At least ~50 international financial institutions have R&D groups directly working with block chains / Bitcoin (search "R3CEV partners"). Central banks have reported positively on Bitcoin . As recently as last week a group of 90 central bankers met at the Fed to discuss the topic.[1] I can understand why it looks like a mania to an external observer's eye, but it is definitely not :)
[1] http://www.coindesk.com/central-banks-blockchain-federal-reserve/ http://www.coindesk.com/central-banks-blockchain-federal-res...