Bitcoiners go wild after Goldman revives Tulipmania comparison

Bloomberg/Vildana Harjic

antique painting of a fool trading his gold for tulip bulbs

“Buzz that Goldman would release a report discussing the state of the economy as well as gold and cryptocurrencies set enthusiasts ablaze, with many hoping the bank would finally put its weight behind digital tokens. But Goldman disappointed and upset many once details of its report were brought to light, with the bank blasting Bitcoin and other coins as unsuitable investments for its clients.”

USAGOLD note:  Need we say more?


Image:  A fool trades his gold for tulip bulbs during the 17th century Tulipmania.


Repost from 5-29-2020

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