The article discusses the criticisms that bitcoin has faced as it reaches new heights and approaches the $100,000 milestone. Critics have labeled it a pyramid scheme and compared it to the Tulip Mania from the Dutch Golden Age. However, bitcoin enthusiasts argue against these comparisons, pointing out that the Tulip bubble was overblown and that bitcoin has real-world utility as decentralized, programmable money addressing financial issues. They also highlight the differences between the localized and short-lived Tulip bubble and the global and long-lasting adoption of bitcoin. The article emphasizes that dismissing bitcoin as another Tulip bubble overlooks its technological foundation, utility, and worldwide adoption.



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