Podcasting Unleashed: Beating out #Tulips! And is Bitcoin a vote on Non-Confidence in fiat currencies? Earlier this week, the Chicago Board Options Exchange officially launched bitcoin futures... "Those dismissing bitcoin as a fad might be missing the point: Trust in the authorities who control the expansion of fiat currencies might be eroding fast in certain segments of the populace." "Both in 2011 and 2014, following sharp increases in price, bitcoin subsequently lost nearly 90% of its value. However, unlike Dutch tulips, bitcoin's price has repeatedly bounced back from these setbacks. "What does Dr. Garrick Hileman, research fellow at the Cambridge Centre for Alternative Finance, think bitcoin more resembles? "Bitcoin appears to have more in common with Amazon.com's sharp run-up and correction in 1998–2000, and then run-up again in recent years."