Bitpanda is adding tulips as a new asset class

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?

Head over to Bitpanda and start trading tulip bulbs now.