How is Bitcoin different from tulip bulbs?

Bitcoin has a limited amount that will ever be created and that why it’s seen as a store of value unlike tulip bulbs . Honestly the value of something is what people are willing to pay for it. And that’s all. read more

Bitcoin values may well collapse the way tulip futures did, either on their own or due to government efforts. But the problems cryptocurrencies address will not disappear with that collapse. People will continue to pursue technological innovations to improve financial services. read more

Bitcoin as a product is used as payment mechanism or storage of wealth, which is completely different from tulip bulbs, which are perishable luxury products. The fact that the blockchain is a decentralized and basically unhackable piece of technology means that Bitcoin by its very nature is a very safe way of storing wealth. read more