The real story of the Tulip Mania can teach us a lot
Imagine paying $750,000 for a single tulip bulb. Sure, it’s a “broken bulb” that will yield a beautiful striped pattern once the flower blooms, instead of a solid color, granted, only for a few days. And yet, you paid $750,000 in today’s money. Sound ludicrous, right? Well, it’s part of the Tulip Mania of the 1600s, and, more and more, we read comparisons between it and today’s NFT craze.