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.
The original Tulip mania was one gigantic price bubble,which popped and the tulip prices never reached the same level.Bitcoin price is going up and down,while maintaining a price growth in the long term.
There were multiple price bubbles in the history of BTC,but all of them popped and the market price recovered and gained even more value after that.There's no room for comparison with the original Tulip mania,which happened in the Netherlands a few centuries ago.
NFTs are the next "shiny object" that will attract all the "financial gamblers",pump&dump traders and speculators seeking for "the one big hit".4 years ago,ICO tokens were the same thing,now the NFTs took over.
Plus to those people/nocoiners who kept telling us that Bitcoin is a “Bubble”, let’s ask, HOW LONG MUST THE PROTOCOL RUN FOR THEM TO STOP CALLING IT A PONZI/BUBBLE? It has been 10 years, and Bitcoin has kept chugging along, despite the FUD, the BANS, the multiple declarations that it’s DEAD. HOW LONG?