Another Crypto Tulip story 🌷🙄
Bitcoin’s Slide Revives ‘Digital Tulip’ Fears as the once–gold narrative falters amid rate jitters, energy concerns, and sharp short-term losses.

"That’s not a particularly good look. It’s also a reminder that Bitcoin is an entirely unproductive asset (or a non-asset) and that decoupling from the dollar is easier said than done. Is Bitcoin really money if you have to sell it to get dollars to pay your bills? It also makes the bears mutter about Ponzi schemes and suggests there may be more supply on the edge of the market than the bulls like to think. Strategy owns 3.1% of all Bitcoin."

Top comment by @Spencer420

More coverage

• What's behind bitcoin's slide and should investors be worried? (abcnews.com)
• Bitcoin Is Starting to Look Like a Digital Tulip - Bloomberg.com (bloomberg.com)
• "Bitcoin are digital tulips" | Deutsche Bundesbank (bundesbank.de)

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