how does tulipmania relate to bitcoin 
the bitcoin market is frequently compared with tulipmania both prompted highly speculative prices for a product with little clear utility bitcoin prices tend to crash after significant gains exhibiting many signs of a classic bubble the bottom linethe dutch tulipmania of the 1600s is often cited as an example of greed excess and financial mania with the prices of flower bulbs reaching extraordinary heights not backed by fundamentals but rather by the fear of missing out and crowd psychology but some analyses question whether tulipmania was the widespread financial crisis that is referenced today in relation to other bubbles like dotcom stocks before 2001 the subprime housing market before 2008 or the crypto market before 2022 these scholars suggest that the idea of tulipmania has been greatly exaggerated as a parable or lesson in taming greed and excess the actual extent and severity of the tulip bulb bubble and crash were far smaller in reality than we have been led to believe 1