Why Bitcoin Isn’t a Digital Tulip — and Why It Will Never Be
Recent opinion pieces have drawn parallels between bitcoin and tulips because of the speculative frenzy surrounding the latter in the 1600s. I explain why those comparisons are unfair and why analyzing bitcoin solely as...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Crypto Groups Sue To Block Illinois Digital Asset Tax Act
The Blockchain Association and Crypto Council for Innovation have filed a joint lawsuit challenging Illinois’ Digital Asset Tax Ac...
Bitcoin price gains pull new investors into crypto, Fed experiment shows
Bitcoin price gains can draw new buyers into crypto by lifting expectations for future returns, a Federal Reserve Bank of Clevelan...
Stablecoin Depegs Explained: What Really Happens When a Digital Dollar Breaks the Buck
Stablecoins promise a constant $1, yet USDC has traded at $0.87, Tether’s USDT at $0.88, and Terra’s UST collapsed to virtually ze...
As foreign investors dump $29 billion in Treasury bills, Washington pivots to stablecoin issuers to back US debt
Foreign investors sent a net $133.5 billion into US financial markets in June. During the same month, they sold $29 billion of Tre...
Ripple relies on locked XRP reserves to back a $275 million institutional credit line
Ripple Prime closed an upsized $275 million private placement of senior unsecured notes, giving the non-bank prime broker a new po...
Crypto advocates join in suing Illinois over digital asset tax
The Crypto Council for Innovation and the Blockchain Association added another lawsuit against the state for its recently approved...