Bringing up tulips again? Analyst: Bitcoin is nothing like them

[Bitpush] Recently, some people have been comparing Bitcoin’s pullback to the Tulip Mania again, but Bloomberg’s senior ETF analyst Eric Balchunas directly refuted this.

His point is quite interesting: Tulips only boomed for three years in the 17th century, and once they crashed, it was over for good. But Bitcoin? This thing has survived 6 to 7 rounds of crashes, each time bouncing back to hit new highs, and it’s still going strong after 17 years.

The data speaks for itself—up 250% in the past three years, and just last year alone it soared 122%. This current drop? Honestly, it’s just a correction after last year’s crazy gains. Even if Bitcoin trades sideways or dips slightly throughout 2025, its long-term annualized return rate can still hover around 50%.

Eric especially emphasized one point: the only real similarity between Bitcoin and tulips is that neither generates yield. But does gold, a Picasso painting, or rare stamps generate yield? They’re still treasured. Tulip Mania was the classic “hype-crash” one-off event; Bitcoin is obviously something different.

So stop comparing cryptocurrencies to some flower from centuries ago—times have changed, and the game is totally different now.