pull down to refresh

Bitcoin Is Starting to Look Like a Digital Tulipwww.bloomberg.com/news/newsletters/2025-12-06/is-bitcoin-the-digital-version-of-tulips-merryn-talks-money
320 sats \ 5 comments \ @Coinsreporter 6 Dec bitcoin
With no cash flow, no expected cash flow and no 3,000-year correlation with inflation (looking at you, gold), there is no way to price it. Maybe it will end up digital gold. Maybe digital tulips. Either way, right now there is no way to tell a story that makes it a reliable store of value.
wtf Bloomberg! Did gold have the 3000 year correlation in first 15 years? And the chashflow you talking about is not hardly 300 years old?
write
preview
related posts
10 sats \ 2 replies \ @denlillaapan 6 Dec
...and tulips weren't a thing, assface. What, they don't have editors or fact-checkers at Bloomberg to tell off their authors when they're being stupid?
reply
0 sats \ 0 replies \ @Coinsreporter OP 7 Dec
No they don't have fact-checkers. They laid off all 12 in September, haha.
reply
0 sats \ 0 replies \ @fourrules 6 Dec
What shocks me is that they don't ever bring up Albania early-90s, they always talk about tulips.
I suspect that tulips sounds more pejorative, ridiculous, and Albanian Ponzi mania is sufficiently recent and well studied that they'd have to explain what they mean by the parallels, which would open up the discussion to the definition of a security. That would not be convenient for their argument, so they don't bring up the comparison.
It's a shame because Albania early-90s is very much relevant to the crypto scams and ICO bubble, NFTs and shit, but they don't want to support any distinction between bitcoin and crypto.
reply
0 sats \ 0 replies \ @OriginalSize 7 Dec
Go get em Bloomberg, how many tulips for one of them terminals?!
reply
0 sats \ 0 replies \ @brent 6 Dec
LOL three weeks before 2026, after JP Morgan did a 180 and offers a BTC leveraged fund, and Vanguard caved in and allows access to BTC ETFs, with sovereign wealth funds world wide accumulating, Merryn Somerset Webb still summons "tulips" as a proxy for her inability to think outside of the fiat paradigm. Shameless ragebaiting, or pathetic lack of imagination?
reply