That’s not entirely correct. There was a tulip bubble, but not for the individual bulb. The Madness of Crowds has been debunked over the past 20 years, but no one here seems to realize that.
The inflation came in entire crops of specific tulips. In terms folks can relate to, they were buying “breeds”, not generic dogs. Show poodles, not generic reduce mutts.
The entire bubble cycle is well defined. When government spends the way they do, all of that free money gets slapped down on the table and out on a single number.
Inflation hedges are well known. The only thing I would say is that if you buy a hedge, make sure you own it. In your hand. Otherwise it’s paper and it will blow away.
Tulips are just the “low hanging fruit” analogy. Pick your pyramid...
Bitcoins have no value beyond faith. They are even weaker than fiat currency of nations, because at least they back up their currency with armies. For their currency to fail, the country itself has to fail. What has to fail for bitcoins to fail? I just see them as a real world example of the “greater fool”. Sure, if you’re not the final “greater fool”, you can do pretty well.