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Analyst: Bitcoin is no longer a "tulip bubble" asset; its resilience since 2017 and multiple cycles prove its uniqueness
Bloomberg ETF analyst Eric Balchunas stated that Bitcoin should not be compared to the 17th-century tulip bubble, arguing that Bitcoin has survived and risen after multiple downturns. Despite recent pullbacks, its long-term annualized return is around 50%, which is markedly different from the tulip bubble.
BTC1.33%
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