Since Bitcoin’s inception, it has frequently drawn comparisons to the Tulip Mania of the 17th century, where the price of tulip bulbs skyrocketed and then crashed dramatically. While Bitcoin has experienced similar surges and declines, its resilience over 15 years sets it apart from the short-lived Tulip Bubble. This essay explores the historical context of financial bubbles, the evolution of legal and economic structures, and the unique characteristics of Bitcoin that differentiate it from past speculative frenzies. By examining the encoded rules of Bitcoin and its resistance to governmental manipulation, we uncover why Bitcoin is poised to be a revolutionary asset in the financial world.
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