Some people like to compare crypto with the tulip bubble phenomenon before. My thoughts:
First of all, the phenomenon of tulips really does not exist nor can one prove, there are very few documents that exist today.
Secondly, tulips do not last long, are not scarce, can not be programmed, can not be used for transactions, can not be verified, can not be divided, are not the solution of the problem, and hard to move.
Can not compare crypto with tulips.
I think the comparison arises when tulip prices started to rise similar to what we have seen in bitcoin. However, the problem is that all people can just grow tulip in their backyard causing the dramatic fall. For bitcoin though, yes the price fall from $19K to $6K, but it doesn't mean that we can't bounce back, because the supply is limited, unlike tulip wherein anyone can have it by just growing in their own back yard very easily.