Cryptocurrency Q&A Why were tulips worth so much?

Why were tulips worth so much?

Starlight Starlight Sun Nov 10 2024 | 8 answers 1494
I've heard that tulips were once extremely valuable, even more than gold or precious stones. I'm curious to know the reason behind their high value. Why did tulips become so expensive and sought-after during that time? Why were tulips worth so much?

8 answers

SamsungShiningStar SamsungShiningStar Tue Nov 12 2024
The popularity of 'broken' tulips was escalating. These tulips had a slower propagation rate.

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DigitalBaron DigitalBaron Mon Nov 11 2024
As a result, merchants began engaging in paper trading for these bulbs.

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Lucia Lucia Mon Nov 11 2024
During the peak of the market, these flowers became extremely valuable.

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Claudio Claudio Mon Nov 11 2024
The bulbs themselves never physically changed hands.

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Martina Martina Mon Nov 11 2024
Some of the rarest tulip bulbs were priced exceedingly high.

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