/biz/ - Business & Finance

>>29877317
>he's saying this for the fifth time this week
>hours before Sunday
>a day before March

Alright, any retard on here that doesn't know about the tulip bubble is getting a quick rundown.

Some fuckin idiot brought tulips to Europe back in the 16th century. They didn't have flowers that look like that shit, and after a while everyone got a raging hard-on for them. They became a status item, and everyone in the Netherlands FOMO'd hard. At one point, a single bulb sold for 2500 florins, enough to buy:

Two lasts of wheat 448ƒ
Four lasts of rye 558ƒ
Four fat oxen 480ƒ
Eight fat swine 240ƒ
Twelve fat sheep 120ƒ
Two hogsheads of wine 70ƒ
Four tuns of beer 32ƒ
Two tons of butter 192ƒ
1,000 lb. of cheese 120ƒ
A complete bed 100ƒ
A suit of clothes 80ƒ
A silver drinking cup 60ƒ
Total 2500ƒ

Shit lasted like a year before people realized they were buying fucking flowers for what amounted to a years worth of wagecuck salary, and the bubble popped.

So now lets look at btc
1) btc is not as big of a bubble, if it was we would all be lambo rn.
2) unlike btc, tulips literally had 0 use cases other than speculation. It was a temporary ornament.
3) the btc "bubble" has already lasted exponentially longer than the tulip bubble
4) it was a fucking flower

tl;dr Dimon isn't retarded, he's a crook. It's manipulation. This is nothing remotely like the tulip bubble.