At first glance the relationship between tulips and the Bitcoin It seems non-existent, but if we look back in time they may have many similarities.
However, in the 17th century the demand for tulips in Amsterdam soared that prices rose to very high levels, in a massive deviation between perceived and real value that resulted in the first recorded economic bubble and subsequent collapse.
And now 300 years later we have the following bubble potential in the form of cryptocurrenciesa speculative and unstable digital asset that has already gone through a large number of dramatic cycles.
Well, a startup in the Netherlands has brought tulips and Bitcoin together, using the heat generated by Bitcoin mining rigs to grow tulips.
And its manager is the Dutch engineer Bert de Grootwho is using the heat generated by the Bitcoin mining rig to grow tulips inside a greenhouse.
He says this is a way to reduce dependence on natural gas, whose prices have skyrocketed with Russia’s invasion of Ukraine.
Such is the success that he has founded the company Bitcoin Brabant, and that he is even going so far as to sell tulips online in exchange for Bitcoin, according to AFP, via Futurism.
A profitable and sustainable business
The company does not base its operations on the value of Bitcoin or other cryptocurrencies, instead the Bitcoin mining servers are releasing tons of heat that helps the tulips grow during the winter.
The company is using energy generated from solar panels made to power the mining platformsmaking the operation carbon negative.
Although Bitcoin has had a horrible year, being worth practically less than half its value at the beginning of the year, the businessman affirms that “I am not at all concerned with the long-term value proposition of an immutable monetary system, because Bitcoin will last forever.”.