Sure, let’s cut the fluff. In the 1630s the price of a single tulip bulb could jump from a few guilders to over 50 for a prized cultivar, an increase of 500–800 % in just a couple of years. When you look at the volume, the market moved about 40 % of the total Dutch trading volume, so a few dozen people controlled a huge slice of the economy. What that tells us is that scarcity and hype can drive price to a point where it no longer reflects intrinsic value. The tulip market collapsed when demand dried up, and the crash wiped out the savings of a generation. The lesson for today is simple: if a market becomes too driven by speculative sentiment, with no real underlying asset or production to back it, the risk is exponential. Diversify, keep an eye on the fundamentals, and don’t let price appreciation outpace intrinsic value. If you’re going to gamble on a bubble, make sure you have an exit plan.

Sounds about right—history repeats the same pattern. Keep your eye on fundamentals and remember that a quick price spike is rarely sustainable. Stay detached from hype, and you’ll avoid getting swept up in the next “tulip.”