Economist: If Bitcoin is a Bubble, Final Stage of ‘Panic’ on the Horizon

Tulip mania was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels before dramatically collapsing in February 1637. Some skeptics consider Bitcoin to be the tulip bubble of the 21st century, but it’s really not so simple.
Bitcoin: Bubble or New Global Currency?
Let’s consider the theory of Hyman Minsky, the U.S. economist whose theories on financial fragility