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Steven Walgenbach

Bitcoin's 17-Year Survival Through Multiple Crashes Invalidates Tulip Mania Comparison, Says Bloomberg Analyst

Bitcoin's 17-year track record and recovery from six to seven major downturns fundamentally distinguish it from the Dutch Tulip Mania, according to Bloomberg Senior ETF Analyst Eric Balchunas on December 6, 2025. The cryptocurrency has posted 250% gains over three years despite recent volatility. Balchunas noted that tulips collapsed after a single three-year speculative cycle, while Bitcoin has repeatedly reached new all-time highs.
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