A month ago, Convoy Investments published a chart, which showed the largest financial bubbles in world history. Then bitcoin was second only to the "tulipmania" of the XVII century, but after several weeks of rapid growth, the first crypto currency finally came to the forefront, reports Zerohedge.
As a result, analysts Convoy Howard Wang and Robert Wu have updated their "bubble chart."
Convoy Investments Bubble Chart
Its price has now gone up over 17 times this year, 64 times over the last three years and superseded that of the Dutch Tulip’s climb over the same time frame.
It was three years in the Netherlands that the excitement around the bulbs of tulips lasted from 1634 to 1637.
Well known billionaire investor Mike Novogratz predicted at the end of September that crypto-currencies would leave all the other bubbles far behind.