Summary

Not a day goes by without me hearing someone compare the Bitcoin Boom to the Dutch Tulip Craze of 1637.

For anyone who's studied "Tulip mania" in any depth, this has the same fingernails-on-a-chalkboard effect as hearing someone compare Dora the Explorer to Shakespeare in the Park.

A better analogy for the crypto boom would be to say that it's the Dotcom Bubble with the incentives inverted.

Most of what people think they know about Tulip mania is Zombie Economics: a view that should have been killed by the evidence long ago, but just keeps shambling along, eating investors' brains.

To date, the only Bitcoin expert that has been proven 100% correct about Bitcoin's long-term trajectory is its pseudonymous inventor, Satoshi Nakamoto.