<
https://davidgerard.co.uk/blockchain/2023/01/05/which-historical-bubble-is-most-like-the-crypto-bubble-by-william-quinn/>
"In 2020, John Turner and I published a history of financial bubbles:
Boom and
Bust: A Global History of Financial Bubbles (Cambridge University Press,
2020). We had briefly written up the 2017 crypto bubble in the conclusion,
assuming it had run its course … but a few months later, it bubbled again, even
harder than before.
At first people wanted to know if it was really a bubble, and I usually
answered that it was somewhere between a bubble and a fraud. The early stages
of the boom phase looked very artificial — not much retail interest, but lots
of tethers being issued. The word “bubble” implies something more organic.
Now that the 2021–22 crypto bubble is bursting, people want to know if it’s
like anything we’ve seen before. So let’s go through the candidates …"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
