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Posts published in “Markets and Prices”

What is the Tulip Mania and Why People Compare Bitcoin With It?

Many times we hear people say that Bitcoin will crash like the Tulip Mania in the 17th century. Imagine, close to 400 years later, people still talk about one of the oldest if not the first speculative bubble. Tulip Mania is when in the 1637, the contracts of Tulip bulbs in Netherlands went to unprecedented prices and later collapsed dramatically. Historians are still debating whether or not it cost a…

Koinex Backer Pantera Capital Predicts Bitcoin Over $20000 Within a Year

“Resist the urge to close down positions. If you have the emotional and financial resources, go the other way.” – Dan Pantera Pantera Capital, a major investor in India’s Crypto Exchange Koinex, is an investment firm that exclusively invests in Cryptocurrency and Distributed ledger/Blockchain companies. In a letter published recently, Pantera predicted that $6500 is the lowest Bitcoin can go in the current bear market. The letter attributes, albeit partially…