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.
There are things in the crypto industry that explode in popularity at some point and then fade away because they weren't that cool and useful after all. At first, we had the ICO boom of 2017, then there was a time of DeFi projects in 2020, and NFTs exploded in 2021. These are similar to tulip mania in the sense that they are overhyped, and yet even all these things are not exactly the same with tulip mania and have more value in them. There's only so much you can do with flowers, but ICOs gave birth to some pretty cool projects, and I'm sure DeFi wasn't all that bad, while some NFTs really helped talented creators to gain support from their admirers.