Bitcoin has Many Parallels with the California Gold Rush. Will it End the Same Way?by@MarkHelfman
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Bitcoin has Many Parallels with the California Gold Rush. Will it End the Same Way?

by Mark Helfman2mNovember 11th, 2019
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Hacked published an article comparing bitcoin to the California gold rush, when the discovery of gold sparked a frenzied, greed-driven migration into California from 1848 to 1855. In 1849, a single egg could cost the equivalent of $25 in today’s money, coffee went for more than $100 per pound, and a pair of boots could set you back $2,500. By the time the gold rush ended in the mid-1850s, San Francisco was considered the largest and most important financial center in the Western United States.

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Mark Helfman

Mark Helfman

@MarkHelfman

Editor, Crypto is Easy newsletter. #1 writer, Medium. Bitcoin author, analyst, commentator.

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Mark Helfman@MarkHelfman
Editor, Crypto is Easy newsletter. #1 writer, Medium. Bitcoin author, analyst, commentator.

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