A Tale of Two Bubbles: Why Cryptocurrency Isn’t the Next Dot-Com

Economic bubbles aren’t new. From the tulip bubble of the 1630s, to the dot-com boom of the late 1990s, to the big-tech mania we’re seeing today, overvaluations happen — but not all bubbles pose the same risks or offer the same rewards. Every few years, it seems we’re warned of another looming “bubble” about to burst. Most recently, pundits like Warren Buffett and George Soros have compared the rise of cryptocurrency to the dot-com bubble, wondering aloud if we’re on the precipice of a big bust. The similarities are fairly obvious.

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