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" ... Bitcoin's 2017 FOMO surge and subsequent crash caused much of the financial world to write bitcoin off as a flash-in-the-pan, a Ponzi scheme or a bubble more like the 17th century tulip mania than the premature dot-com boom of the late 1990s. ... "
" ... Buffett believes that Bitcoin has no underlying value. As a value investor, Buffett invests in companies that are undervalued, produce stable and recurring cash flow and have the ability to increase in book value. To Buffett, Bitcoin doesn’t produce earnings or dividends. Rather, the value of Bitcoin is simply what one person is willing to pay for it. In this regard, Bitcoin is no different than the tulip craze of 1637. Therefore, Buffett believes that Bitcoin has no inherent value. ... "
" ... During tulip mania in the 1600s, the average price of a single flower was higher than the prices of some houses in Holland at that time. Tulip prices collapsed dramatically over the period of a week. If history is any precedent, it could soon be “game over” for many GameStop investors — so smell the flowers while you can. ... "
" ... Glencairn glasses are designed for whisky, but will do equally well for a fine tequila. The classic tulip shape is sturdy, machine washable and fits comfortably in your hand. ... "
" ... Is bitcoin an emerging “safe haven” asset in an increasingly uncertain world, or just another speculative instrument, a tech-ed up tulip for the digital age? ... "