WHEN I was first introduced to Bitcoin several years ago, I had two immediate thoughts: gold and tulip bulbs. Maybe I am, after all, surprised about how many tulip bulbs have been traded in today's market. The cryptocurrency phenomenon has been going on for years but I still find the spread of the "meme stock" mindset thought-provoking. It increases fluctuations in the stock market and investors will most likely sell because others sell. I have always considered it a worrisome situation whether one invests in tulip bulbs, cryptocurrencies, or meme stocks just because others buy them and this has been confirmed once again.

Source: Manila Times May 28, 2022 04:19 UTC