The Madness of Crowds - Tulipmania for Cryptocurrencies, Fraud and Money Laundering

The Asian Crime Century briefing 98

Tulip price index from 1636-1637. The values of this index were compiled by Earl A. Thompson in Thompson, Earl (2007), "The tulipmania: Fact or artifact?", Public Choice 130(1–2): 99–114, doi:10.1007/s11127-006-9074-4

Scottish writer Charles Mackay wrote in his 1851 book ‘Extraordinary Popular Delusions and the Madness of Crowds’ about the widespread fin…