In accordance with BitcoinSistemi, Bloomberg’s senior ETF analyst Eric Balchunas has rejected the recent resurgence of the 'Bitcoin is tulip mania' analogy, calling it historically and financially inaccurate. Balchunas emphasized Bitcoin’s resilience over 17 years, bouncing back from multiple sharp declines and reaching new highs, unlike the three-year tulip craze that collapsed suddenly. He also noted Bitcoin’s 250% gain over the past three years and 122% in the last year, while criticizing the 'non-productive asset' argument by comparing it to gold and rare art. Balchunas described the 2025 price correction as a normal cooling-off period and warned against overanalyzing market fluctuations.
Bloomberg Analyst Dismisses Bitcoin as Tulip Mania Comparison
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