Bitcoins have been gaining in popularity. Recently, the news was that they had surpassed a value of USD$1000 per bitcoin. (Of course, bitcoin proponents might instead say that the USD is valued at 0.001 bitcoin.)
I’m not an economist, but I thought I’d share some graphs of the value over time of items that seem to appreciate in value beyond their utility. Can anyone spot any similarities to bitcoins?
Tulip bulbs (price information is spotty, but nobody contests the overall trend):
And now, bitcoin prices: