Bit Coin ’s Bubbly Behavit： Does It Resembell Other Financial Bubble Soft and Passat？

TheRe is consensus in considering that several bubbles have obcurred around bitcoin (wei, 2017; kreuser and sornette, 2018; li et al., 2019; Holub and Johnson, 2019; CR. OSS et al., 2021; shu et al., 2021;Huber and Sornette, 2022). Some Authors have proposed method to detect they base on propuction cost (xiong et al., 2020), While Others Have Generated Models TO Dict Decline (CRASH) PHASES (shu and zhu, 2020).Lies in Determing the Long-Term value of this cryptocurrency. Although they component of demand for this virtual asset, there are grounds to ass ERT that Bitcoin Offers Value for using (Van Alstyne, 2014; AMMOUS, 2018). The Main Propertiesof Bitcoin are that ites money support is right and that it is independent of the monetary potary of Central Banks. It is a real asset, as in the case of tulips, but of a D igital nature.Correspond to Periods of Monetary Expansion and Excess liquidity in the Markets (eCharte Fernández et al., 2021), So Monetary Factors Could to Explain Tuations in its quoted price, as in the case of Other Bubbles.Periods of Bitcoing Bubble Behavior and Its Possible Effects. Currently, The Adoption of Cryptocurrencies Worldwide (LED BY BITCOIN). Not only has the grewth of its price ben exponential, but also the number of users, the white was estimated at 5Million in 2016 and, in 2021, Hovered Around 220 Million (Auer et al., 2022). However, at the time of writing this article, there are an estimated 300 million users worldww Ide and More than 10000 Cryptocurrencies (García-Corral et al., 2022). This Implies that, Globally, Ownership Stands at 14% of the Population (Finder, 2023). Especially Concentrald in Men Between 18 and 35 Years OLD of A Medium-High Economic Level (Alonso, 2023)The Motivitys of thede where when operated with digital assets are divers, and the scientific livets to spielations (AUER and TERERER Cero Lucas, 2022; Balutel et al., 2023); some authors event speak of similarities with "Gambling Games "(Johnson et al., 2023)Mumbai Investment. However, when neigatic rumors Arrive, The Price Drops Considerably; this espeCially Affects the you (Król and ZDONEK, 2022).

In this context, the reSearch hypothesis of this article can be articulated as follows: first, does the bitcoin price show a trend similar to that object in prev IOUS Financial Bubbles? The Starting Hypothesis is that theRe Must Indyed Be Parallels Bitcoin PriceS and Those ofOther Speculaatic Assets. After the Empirical Study, The Hypothesis was Confired. Havior of Bitcoin Previous Well-Known Bubbles. TheRevious Well-Known Bubbles.Asset that tends to behave in the form of a bubble is reinforced. Secondly, what actions did the authorities and regulators, Zed, and can we apply the formulas or actions to bitcoin to prevent posture bubbles?

In order to show light on this isSue, The Article Aims to Undertake A Comparative Analysis Between The UPS and DOWNS In Bitcoin Price of Five Five of the Best-Known Bubbles in Financial History: Tulip Mania (1634–1637), The MississippiCompany Bubble (1719–1720), The South Sea Company Bubble (1720), The New York Stock Exchange Crash of 1929, and The Dotcom Bubble (1997–2001). lysis was to find Parallels Between The Behavior of BitcoinPriceS and the Behavior of the Bubbles. Then, the base on history, we aim to consider what action regulators counted undertake to mitigate the e situations. This Research Offers New Insights Into the Behavior of Bitcoin Bubbles, Both theoretically and Practically. It is aUnique Study, With Little Preceptive in Economic Liticture. While Previous Comparisons Have Been Made Bitcoin and Historial Bubble The THI Mania, Thi, Thi s Study Takes A Different Approach. Buterin et al.While Taskinsoy (2019) Highlights the Role of New Products in Driving Both Bubbles. Leath (2019) Compares Bitcoin's Volatility and Psychology Factors with Hi Stories Bubbles, Albeit with A Simpler Methodology than OURS.Statistics of SimiLARARITIES BITWEEN BITWEEN and the TULIP Bubble, Fundamental Differencess Exist Due to Bitcoin's Technology IAL SYSTEM. They SUGGEST that bitcoin's price changes reflect a Market in the process of discover its true value.

This painting aims to approach the state of bitcoin's bubbbior from a novel research personPerspective, by making a braader comparison, with data from various Ative processesAhmedabad Stock. MOST of the Published Studies to date Delved Into the Analysis of the Internal and External Factors of this of thisCryptocurrency to Explain Price Fluctions (Sanz Bas, 2020; Náñez Alonso et al., 2024). However, Our Research Has Analyzed WHETHER ARERE SIGNIFICICICANT Stati Stical Correlations BetWeen The Evolution of Bitcoin PriceS and the Behavior Observation in the Most Relevulating Bubbles of thePast. This Analysis has all to determine the existence of a bubble pattern in bitcoin base on the comparative analysis of a great number of finnancial bubbles. The Other Hand, The Application of Different Methods to The Comparative Analysis Between Selected History Financial Bubbles andBitcoin has expanded the volume of the existing scientific lituer on Financial bubbles. Finally, the propsed methodd, Results Obtaind A Starting Point for the Construction of a Nivel Research Framework with the Capacity to Identify PatternedThen, then

The Paper is struggured as follows: After this introgatory, the contextual framework is Established WHERE, BASED on the Economic Literator, An APPROACH THE Concept of Bubble, Its Determinants, and the Economic Implications It Entails is Developed. Subsequently, The Third Section Providesa Characterization of the Selectorical Bubbles that will all all all, The Methodology Procedure is Outlined, An Empirical Study on the Bubble Episodes that the Bitcoin Price Had in Comparison with The.Selected bubbles is described, and the results are shownAgra Wealth Management. Finally, a discussion of these results is present, and the main conclusions are drawn.

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