There are many nocoiners that claim that Bitcoin is “Tulip Mania 2.0”, but it has been 10 years. How long must the protocol keep running before the rest of the world accepts that Bitcoin is not going anywhere. In fact, it opened a Pandora’s Box of new possbilities. BUT, I believe the next “Tulip Mania” for this bull cycle are, NFTs.
First of all tulip mania lasted longer than 10 years, it lasted a few decades but not at that level of course, and eventually crashed. The problem here is that Crypto is not a speculative asset but something that people could use. What is the real value of a tulip? Probably something like a dollar? few dollars? It is not an investment and it is only a plant. Whereas crypto is a currency which means that there is a lot of reasons why people could use that, it is not a tulip to plant into your garden and hope to grow more out of it, it is literally a currency. This means that crypto will never be a tulip mania, at the very best it is a very bull hyped market and that's it.
NFT or DeFi or anything like that will not become tulip mania neither, they are just markets and maybe they will drop down but it will not be from 10 years worth of salary into few dollars, that difference is HUGE and will never happen again.