Economics of cryptocurrency

In 2008, the mysterious Satoshi Nakamoto founded the first cryptocurrency, Bitcoin, hoping that it would one day be used for daily transactions and also a way for investors to work around the traditional banking infrastructure after the Economic Crash. Since then, Bitcoin and other cryptocurrencies have surged in popularity in the economic world, reaching andContinue reading “Economics of cryptocurrency”

Tulip Mania

The Dutch Tulip Bubble that occurred during the 1600s was one of the largest market bubbles and crashes in history. It was fuelled by excessive speculation, driving the price of tulips to more than 10x the annual average salary at its peak. The eventual crash undermined social cohesion and trust; although, the recession that followedContinue reading “Tulip Mania”