At least the tulip mania was backed by something tangible. Bitcon doesn’t even have that going for it.
That Bitcoin isn’t material is one of its best attributes. Millions in Bitcoin can walk through any metal detector. They can be sent to anywhere on the globe and it doesn’t ask for anybody’s permission. They’re impervious to flood or fire damage. Loomis isn’t needed nor are vaults. You can be rich in secret. And if you must have gold, BTC is becoming the most favored payment method.