Roughly four centuries before bitcoin captivated the public’s imagination, a similarly unlikely commodity fueled the world’s first recorded speculative bubble. At the height of the Dutch Republic’s tulip mania, a single bulb of some tulip varieties sold for more than ten times the annual income of a skilled craftsman. The bubble burst in 1637, but the Dutch obsession with tulips persists to a lesser extent to this day, as we learned during our brief stay in The Hague. We missed National Tulip Day, but even better — our visit coincided with the heart of the tulip season.
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