The minority of investors who have been able to avoid succumbing to speculative bubbles have based their decision to abstain from the market by comparing current market qualitative and quantitative characteristics with those of market bubbles. By doing so, they have been able to notice trends among bubbles, and thus, decide not to participate in the market. This paper aims to determine if there are qualitative and quantitative similarities between Tulipomania and the current cryptocurrency market. The goal is to determine whether there are sufficient similarities to conclude that the latter is a market bubble. The paper explores the historical significance of both Tulipomania and the developments in the cryptocurrency market. Thereafter, discussion on qualitative and quantitative characteristics of both markets draws attention to similarities between Tulipomania and cryptocurrency. The qualitative similarities explored include changes in participant attitudes, lack of intrinsic value, and that both were/are new, unregulated markets. Quantitative similarities discussed are volatility, trading as a medium of exchange, collateralization, and illiquidity of wealth in the markets. Notable differences are also explored to make sure that consideration is given to the advancements in technology and the effects of modernity on the prospects of the cryptocurrency markets.
