News • 3 min read
Spring is in full bloom here at Bitpanda. Starting today, 1st of April 2019, we are offering users the option to trade tulip bulbs.
Although it’s still chilly in Vienna, spring is in full bloom here at Bitpanda HQ. Starting today, 1st of April 2019, we are offering users the option to trade tulip bulbs. How much are you willing to pay to own a beautiful digital version of a tulip in your Bitpanda wallet?
Update (April 2nd 2019): Sadly it turned out that we don’t make good gardeners and all the tulip bulbs died. In the meantime, we realised that the tulips analogy is actually pretty misleading.
One of our goals is to give our users access to the most innovative and exciting investment options. We recently introduced stablecoins as a new asset class and added Tether (USDT) and USD Coin (USDC) on Bitpanda. But this is only the beginning. As a forward-thinking fintech, we are constantly looking for new and exciting assets.
The Guardian named “blockchain” 2018’s most hyped buzzword, and here at Bitpanda we are planting our bulbs this spring in order to make “tulip” 2019’s word of the year.
Clever people like Nouriel Roubini called Bitcoin the “mother of all bubbles”, and “much worse” than the tulip mania. So we decided to revive this promising and attractive asset class.
After reading about tulip mania on Wikipedia, we realised that tulip bulbs are a solid investment and it’s time to revive them again as a new and exciting digital asset. That’s why we are happy to announce the next big thing after cryptocurrency: tulip bulbs. Clever people like Nouriel Roubini called Bitcoin the “mother of all bubbles”, and “much worse” than the tulip mania. So we decided to revive this promising and attractive asset class. From today, 1st of April 2019, our users are able to trade a tokenised version of these beautiful and valuable flowers.
You can buy and own a digitalised version of a tulip while we store the flower in a purpose-built cold storage facility. Rest assured that your tulips are safe, secure, and well-watered — no need to worry about caring for them. Our dedicated team of Bitpanda gardeners have you and your investment covered.
After a great deal of market research, we’ve realised that tulips are actually more interesting than cryptocurrencies as an asset (and more fragrant, too).
Tulips were exceptionally popular during the Dutch Golden Age in the 17th century. You might even say that they were the cryptocurrencies of their day: they had to be imported; they were difficult to grow; and a viral infection resulted in a mutation that made them look even more beautiful. Basically, tulips are exactly like Bitcoin — only they come in an array of pretty colours (unlike Bitcoins). After a great deal of market research, we’ve realised that tulips are actually more interesting than cryptocurrencies as an asset (and more fragrant, too). Like Nout Wellink, the former president of the Dutch Central Bank said back in 2013, Bitcoin is “worse than the tulip mania,” because “at least then you got a tulip, now you get nothing.”
Why not get something for your investment once again?
Bitpanda’s Response to the War in UkraineRead more
Bitpanda GmbH ve grup şirketleri (Bitpanda) Türk Parasının Kıymetini’nin Korunması Hakkında 32 sayılı Karar’ın 2/b maddesine göre Türkiye’de yerleşik sayılan hiçbir kişiye yönelik olarak 6362 sayılı Sermaye Piyasası Kanunu başta olmak üzere Türkiye Cumhuriyeti Devleti mevzuatı hükümleri gereği Türkiye’de faaliyet izni gerektiren hiçbir sermaye piyasası faaliyetine dair hizmet sunmamaktadır. Şayet Bitpanda’nın yabancı sermaye piyasalarında vermiş olduğu hizmetlerden Türkiye’de yerleşik kişilerin faydalandığı tespit edilecek olursa tüm zararları kullanıcıya ait olmak üzere bu hizmetler ivedilikle sona erdirilecektir.
As the name would suggest, some cookies on our website are essential. They are necessary to remember your settings when using Bitpanda, (such as privacy or language settings), to protect the platform from attacks, or simply to stay logged in after you originally log in. You have the option to refuse, block or delete them, but this will significantly affect your experience using the website and not all our services will be available to you.
We use such cookies and similar technologies to collect information as users browse our website to help us better understand how it is used and then improve our services accordingly. It also helps us measure the overall performance of our website. We receive the date that this generates on an aggregated and anonymous basis. Blocking these cookies and tools does not affect the way our services work, but it does make it much harder for us to improve your experience.
These cookies are used to provide you with adverts relevant to Bitpanda. The tools for this are usually provided by third parties. With the help of these cookies and such third parties, we can ensure for example, that you don’t see the same ad more than once and that the advertisements are tailored to your interests. We can also use these technologies to measure the success of our marketing campaigns. Blocking these cookies and similar technologies does not generally affect the way our services work. Please note, however, that while you’ll still see advertisements about Bitpanda on websites, the adverts will no longer be personalised for you.