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Blockchain expert on whether Bitcoin is a bubble

14 September 2017 6:55 PM
Tags:
bitcoin
rmb
bubble
blockchain
tulip
Tulip mania
Blockchain Initiative
Farzam Ehsani

Are Bitcoins modern-day Tulips? The Money Show’s Bruce Whitfield interviewed RMB Head of the Blockchain Initiative Farzam Ehsani.

In 1623, just as Tulip Mania took hold in the Netherlands, one bulb sold for 1000 guilders.

An average Dutch worker earned an annual income of merely 300 guilders.

Two years later a tulip bulb fetched 3000 guilders.

By 1636 tulip bulbs sold for 5500 guilders.

By 1637 they were, practically, worthless.

With Bitcoin on the ropes; are we in the midst of something similar to the 17th century example above?

In September 2014 one Bitcoin cost $387.

Today it’ll set you back $4500, representing 137% annual growth (in US dollars).

The Money Show’s Bruce Whitfield interviewed RMB Head of the Blockchain Initiative Farzam Ehsani.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

Be very careful to understand the difference between cryptocurrencies and ICOs.

Farzam Ehsani

The asset class overall is expected to increase tremendously.

Farzam Ehsani

Traditional financial institutions simply can’t compete.

Farzam Ehsani

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.


14 September 2017 6:55 PM
Tags:
bitcoin
rmb
bubble
blockchain
tulip
Tulip mania
Blockchain Initiative
Farzam Ehsani

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