Media coverage this week of the alleged “Bitcoin bubble” and whether or not it is “popping” has resulted in inaccurate claims about the size of the bubble, as well as the same old comparisons of Bitcoin’s rise to that of the Dutch tulips and gold.

Bank of America (BoA) tracked the “greatest asset price bubbles in history:” Bitcoin, tulips, the Mississippi Company, the South Sea company, gold, and the 1929 crash on the chart below, concluding that Bitcoin is the “greatest bubble in history,” according to an April 9 Bloomberg article - a claim apparently untrue both in the history of bubbles and the history of Bitcoin.