After 42 chapters of booms, busts, manias, and crashes, Torsten Dennin does something unexpected in the Outlook and Epilogue of “From Tulips to Bitcoins.” He looks forward. And what he sees is a setup for the next big commodity cycle. The numbers he puts on the table are brutal enough to explain why.
After 42 chapters of booms, busts, manias, and crashes, Torsten Dennin does something unexpected in the Outlook and Epilogue of “From Tulips to Bitcoins.” He looks forward. And what he sees is a setup for the next big commodity cycle. The numbers he puts on the table are brutal enough to explain why.
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.
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.
Henderson opens this chapter with an interview. Not just any interview. He is sitting in his home in Bogota, Colombia, talking to Michael Saylor. Yes, that Michael Saylor. The MicroStrategy guy who bought over $2 billion in Bitcoin by early 2021.
Remember Neal Stephenson’s 1992 novel “Snow Crash”? People strap on goggles and escape their lousy gig jobs into a virtual world called the Metaverse. They buy property, build things, live second lives. One character puts it bluntly: “When you live in a shithole, there’s always the Metaverse.”