[Analyst: Bitcoin is no longer a 'Tulip Bubble'-style asset, its 17-year resilience and multiple cycles prove its uniqueness] BlockBeats news, December 7, Bloomberg senior ETF analyst Eric Balchunas wrote that despite Bitcoin's recent sharp correction, comparing it to the 17th-century 'Tulip Bubble' is inappropriate. He pointed out that the tulip craze lasted only about three years and was completely eliminated after a single collapse; whereas Bitcoin has survived 6–7 rounds of severe downturns, repeatedly hitting new all-time highs, and has persisted for 17 years. Bitcoin has still risen approximately 250% over the past three years, with a 122% surge last year alone. The current decline is more akin to 'giving back last year's excessive gains.' Even if 2025 remains flat or slightly down for the entire year, its long-term average annualized return would still hover around 50%. Eric emphasized that the only similarity between Bitcoin and tulips is that both are 'non-productive assets.' However, gold, Picasso paintings, and rare stamps are also non-productive yet have long been regarded as valuable assets. The tulip bubble was a typical 'one-time frenzy + collapse' structure, whereas Bitcoin is clearly a completely different asset class.