Crypto

Bitcoin: From Pizza Money to the Biggest Bubble in History

We started this whole series with a guy paying a house price for three flower bulbs in 1637. Forty-one chapters later, we end with a guy paying 10,000 bitcoins for two pizzas. Chapter 42 of Torsten Dennin’s “From Tulips to Bitcoins” (ISBN: 978-1-63299-227-7) tells the story of the biggest financial bubble in human history. Bigger than tulips. Bigger than gold. Bigger than anything we covered in this book. And it happened in our lifetime.

Bitcoin: From Pizza Money to the Biggest Bubble in History

We started this whole series with a guy paying a house price for three flower bulbs in 1637. Forty-one chapters later, we end with a guy paying 10,000 bitcoins for two pizzas. Chapter 42 of Torsten Dennin’s “From Tulips to Bitcoins” (ISBN: 978-1-63299-227-7) tells the story of the biggest financial bubble in human history. Bigger than tulips. Bigger than gold. Bigger than anything we covered in this book. And it happened in our lifetime.

The End of the Gold Standard: When Money Lost Its Metal Backing

For most of human history, money meant metal. Gold coins. Silver coins. Paper notes that you could walk into a bank and trade for actual gold. Then in 1971, a US president went on television and changed everything. Money became just paper. Backed by nothing but trust.

Why Commodities and Crypto Keep Repeating the Same Mistakes

Here is a question that bothers me. We have thousands of years of recorded history. We have examples of every possible financial mistake. We have libraries full of books about market crashes. And yet people keep doing the same thing over and over.