Von Tulpen zu Bitcoins

"The higher you go, the deeper you fall" - this saying probably applies to no other phenomenon as well as to financial crises. If the prices for a speculative object rise to ever greater heights and the market heats up more and more, the consequence is usually an abrupt fall: the bubble bursts! From Tulips to Bitcoins tells of the most spectacular events on the commodity and crypto markets, from the tulip mania in the 17th century to Bitcoins today. The author links market movements to individual fates of famous traders who amassed or lost fortunes during a bubble. Examples include the Hunt brothers' silver speculation, the fate of Amaranth Advisors and Brian Hunter, copper and the Congo, gold, rare earths, energy metals, and Bitcoins. The commodity and crypto markets are at the intersection of megatrends such as demographics, climate change, electrification and digitalization. Let us take you on a journey through time of the biggest speculative bubbles of the last four centuries ...