Bitcoin’s Stunning Resilience Shocks Critics, Proving It’s No Tulip Mania Fad

Bitcoin continues to defy critics, showing resilience and long-term growth, proving it's no fleeting trend like Tulip Mania.

Fridah Kangai
December 8, 2025
1:36 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Bitcoin proves critics wrong, proving resilience beyond Tulip Mania.
Market crashes can’t stop Bitcoin, defying comparisons to tulips.
Bitcoin’s impressive growth outpaces expectations, showcasing long-term value.

Bitcoin has silenced its critics, proving it’s no modern-day version of the Tulip Mania. Priced at $89,453, the cryptocurrency has shown remarkable resilience in recovering from market crashes, setting it apart from speculative bubbles. Eric Balchunas, the senior ETF analyst at Bloomberg, denies the analogy between Bitcoin and the tulip bubble of the 17 th century.

Whereas the Tulip Mania experienced an upward and downward movement in the prices that soared and collapsed by more than 90 percent, the same has not been the case with the Bitcoin. Bitcoin has experienced several market crashes in the last 17 years and each time it has come stronger than ever before. Such is emphasized by Balchunas who points out that Bitcoin has survived these market haymakers and has been able to reach new all-time highs, so it is not a trend that is going away.

Here's why I personally would not compare bitcoin to tulips (no matter how bad the selloff). Tulips rose and collapsed in like 3yrs. Punched once in face and KO'd. Bitcoin has comeback from like 6-7 haymakers to reach ATHs and has survived 17yrs. The endurance alone warrants… pic.twitter.com/uUhUjxyh2M
— Eric Balchunas (@EricBalchunas) December 6, 2025

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Bitcoin’s Growth Defies Expectations

The performance of Bitcoin is still shocking specialists. Its value has increased by 250 percent within the last three years. Bitcoin is up by 122 in 2024 alone. Its growth in the long run is high even when it has a flat year or negative year of 2025. This is an absolute contrast to tulips which were speculative frenzies and which died so fast.

Another similarity that Balchunas draws between Bitcoin and other non-productive assets such as gold and rare art is that of being a non-productive asset. Both are worth while but do not produce conventional returns. Even though tulips were victims of a speculative spurt, Bitcoin has shown itself to be a reliable investment over years of consequence and adoption.

Garry Krug, Aifinyo head of strategy also rules out the bubble analogy. He says that bubbles do not endure market crashes, regulatory challenges and failure of exchanges. Bitcoin has overcome these setbacks and has gone ahead to justify itself.

Bitcoin is not a transient trend because of its stable growth and its reputation. It has proved to be worth having in the long run.

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