Bitcoin is starting to look like a digital tulip

The last few weeks have been tough for Bitcoin holders. Not so long ago, it could be argued that it resembled “digital gold,” but in 2025, the similarities aren’t as strong, writes Bloomberg.

Bitcoin’s price has risen 390% over five years, but just a few days ago it dropped 16% in only six months. Since then, the situation has improved, but there’s still an 11% decline remaining. Real gold, on the other hand, is holding steady. Over the past year, it has risen nearly 60%, and in the past six months—24%.

“So what’s going on with Bitcoin? Maybe it’s just profit-taking. Maybe it’s the somewhat more aggressive statements about interest rates in the US, given that higher rates are unfavorable for non-yielding assets. Maybe it has to do with energy consumption—as the cost of mining Bitcoin approaches its current price, it’s becoming harder to justify. Or maybe it’s about companies like Strategy Inc.? The company’s head, Michael Saylor, and other Bitcoin advocates have said many times that their Bitcoin will never be sold. But now it seems that with his Bitcoins (and perhaps Bitcoins of other companies), this could very well happen,” the article’s authors speculate.#JoinGrowthPointsDrawToWiniPhone17 #DecemberRateCutForecast $BTC ‌#DecemberRateCutForecast