It's a satirical reference to a historical event, where the speculative bubble kept going up... Until it didn't.

https://en.wikipedia.org/wiki/Tulip_mania

I know that, I've read about tulip mania before.

To expand on my previous response: econ 101 teaches us that the price of any non-scarce product will converge to the cost of production plus some small profit margin.

Tulip is not a scarce asset because you can make more tulips. If cost to produce a tulip is $1 dollar and the price spikes to $100 due to demand outstripping supply, people will be incentivized to grow more tulips.

At some point they'll grow enough tulips for supply to meet the demand and they will have to sell tulips at merely small profit. In fact, some will likely have to sell tulips at a loss due to overproduction.

Mona Lisa doesn't have this problem. There's only one Mona Lisa so as long as demand goes up, the price goes up.

Bitcoin doesn't have this problem. There's a hard limit of 21 million bitcoins that will ever exist. As long as demand for bitcoin goes up, the price goes up.

> As long as demand for bitcoin goes up, the price goes up.

And as long as the demand for Bitcoin goes down, the price goes down.

There's nothing magical about scarcity. The amount of Enron stock certificates issued was finite, but I'm not sure buying them would have been a good idea....

It's important to note that this pretty much never actually happened and is only repeated all the time because of some movie.

Source: https://www.smithsonianmag.com/history/there-never-was-real-...

I can create as many liveoneggs-coinz as I want(z). Would you invest in some?

No, because you can create as many liveoneggs-coinz as you want.

But I do invest in Bitcoin because you can't.

Bitcoin is scarce, your coinz aren't.

Do you get it now?

Sure, you can go launch it on pump.fun right now. But you still can't create any more bitcoins.

Can I be in on the rug-pull?