Abstract
─Abstract─ This study examined the literature longitudinally to determine if the correlation between Bitcoin and tulip hysteria is valid. The study's findings indicate that Bitcoin has gradually separated itself from the tulip frenzy. As an electronic payment system and investment instrument, it has integrated itself into the modern financial system, unlike the tulip mania, a strictly speculative bubble with limited utility. Bitcoin's price may resemble the tulip hysteria and other bubbles, but its exploratory price pattern is characteristic of disruptive technologies.