Billionaire Hedge Fund Manager Ken Griffin Says Bitcoin has ‘Elements of the Tulip Bulb Mania‘

[dealmaker]

Billionaire Hedge Fund Manager Ken Griffin Says Bitcoin has ‘Elements of the Tulip Bulb Mania‘(StockDailyDish.com)
Citadel‘s said Monday that bitcoin may be in a bubble. “Bitcoin right now has many of the elements of the tulip bulb mania we saw back hundreds of years ago in Holland,” said the billionaire hedge fund manager in an exclusive interview with CNBC‘s. Griffin, however, said he does believe the blockchain technology backing the cryptocurrency is valid. “Blockchain‘s a very interesting technology that will have some very profound applications for society over the years to come,” he said. Blockchain creates a quick, permanent and secure record of transactions, eliminating the need for a third party such as a bank. Banks and other large corporations are testing how blockchain can help improve everything from supply chain management to global payments.

 

[S2007S]

Billionaire Hedge Fund Manager Ken Griffin Says Bitcoin has ‘Elements of the Tulip Bulb Mania‘(StockDailyDish.com)
Citadel‘s said Monday that bitcoin may be in a bubble. “Bitcoin right now has many of the elements of the tulip bulb mania we saw back hundreds of years ago in Holland,” said the billionaire hedge fund manager in an exclusive interview with CNBC‘s. Griffin, however, said he does believe the blockchain technology backing the cryptocurrency is valid. “Blockchain‘s a very interesting technology that will have some very profound applications for society over the years to come,” he said. Blockchain creates a quick, permanent and secure record of transactions, eliminating the need for a third party such as a bank. Banks and other large corporations are testing how blockchain can help improve everything from supply chain management to global payments.

This was tulip mania back years ago ...I made constant remarks that bitcoin and all cryptocurrencies were going to collapse....they collapsed and have never returned to those bubblicious days.

 

[Nobert]

They forgot :

Newton tells, to all of his students, never to speak about stock market again.

 

[Pekelo]

Is this article 2 years old? The big runup happened in the second half of 2017.

 

[S2007S]

Is this article 2 years old? The big runup happened in the second half of 2017.

That's what I was thinking.

Maybe Ken is referring to stocks instead of bitcoin this time around.

 

[murray t turtle]

Billionaire Hedge Fund Manager Ken Griffin Says Bitcoin has ‘Elements of the Tulip Bulb Mania‘(StockDailyDish.com)
Citadel‘s said Monday that bitcoin may be in a bubble. “Bitcoin right now has many of the elements of the tulip bulb mania we saw back hundreds of years ago in Holland,” said the billionaire hedge fund manager in an exclusive interview with CNBC‘s. Griffin, however, said he does believe the blockchain technology backing the cryptocurrency is valid. “Blockchain‘s a very interesting technology that will have some very profound applications for society over the years to come,” he said. Blockchain creates a quick, permanent and secure record of transactions, eliminating the need for a third party such as a bank. Banks and other large corporations are testing how blockchain can help improve everything from supply chain management to global payments.

%% Good points.
except overpriced tulips actually were not a bit con. The tulips /mania were real +overpriced flowers/mania. Big difference....................................................

 

[Nobert]

%% Good points.
except overpriced tulips actually were not a bit con. The tulips /mania were real +overpriced flowers/mania. Big difference....................................................

Maybe at first, tulips were driven by beauty, but later on, it was only the greed (?)

& then, ironically , the beauty in bit con, showed up right after the euphoria and greed :
(all of those digital - fanatical - idolizing... - drawings )

Gets even better :

And for the end, as the best time-tested asset for life long term investing :

 

[murray t turtle]

%%
Nobert, yes on those tulips.Stark Bros paid up a lot, on an early gold delicious tree= but a fruit tree can bear profitable fruit for years. So not all high priced plants are a bad bargain or a bit con.,

 

[Nobert]

%%
Nobert, yes on those tulips.Stark Bros paid up a lot, on an early gold delicious tree= but a fruit tree can bear profitable fruit for years. So not all high priced plants are a bad bargain or a bit con.,

Absolutely agree.

Some classics for the end of the day, always brings the smile :

,, - Hey, hey, hey NYC !''