Advance Praise

“As piercing as a crime story, From Tulips to Bitcoins guides us through the boom and bust cycles of commodity and crypto markets.”

—FRANK MEYER, Journalist, n-tv

“Being a historian, I loved Torsten’s insight into some of the most well-known (and less well-known) events that have shaped the commodities sector. I would thoroughly recommend From Tulips to Bitcoins to those wanting a better understanding of what makes commodities markets tick.”

—ANDREW THAKE, Content Director, Mines and Money

“This book is a real enrichment for private and institutional investors, who are interested in commodities. Torsten Dennin shows a pattern in history and it is wise to read this book very carefully.”

—JOCHEN STAIGER, Chief Executive Officer, Swiss Resource Capital

“I have been looking forward to this book! The historical events are intriguing and so fantastically concentrated!”

—THOMAS REHMET, Chief Operating Officer and Founding Partner, Bloxolid

“From economic ups to downs in oil, flowers, food, and metal markets, whether caused by a human error, wars, or a natural disaster, this book drives you through the financial storms of the past 400 years. Despite the stormy weather, there is always someone who wants to catch an opportunity even in the deepest crisis. Some succeed; some obviously fail. From Tulips to Bitcoins is a definite must-read.”

—DR. ALEXANDER YAKUBCHUK, Chief Operating Officer and Exploration Director, Orsu Metals Corporation

“Torsten is a true student of the market, and his detailed account of major boom and bust cycles over time is a reminder that all of us are still students.”

—DANIEL BREEZE, Managing Director and Head of Region, BMO Capital Markets

“The phrase ‘boom and bust’ is often associated with paper gains and cash losses, but Torsten’s book demystifies this phrase. He navigates readers through a thrilling ride, explaining what it actually means and identifying the opportunities it presents.”

—GREG HARRIS, Executive Director, CIBC World Markets

“Fantastic read. This will become the definite standard!”

—RONALD-PETER STÖFERLE, Managing Partner and Fund Manager, Incrementum AG

“Success and failure are closely related in commodity and crypto markets. Dennin succeeds in bringing together the economic facts and the persons involved. From Tulips to Bitcoins is an exciting read for anyone interested in commodities and cryptos.”

—CHRISTIAN ANGERMEYER, Founder, Apeiron Investment Group

“Regardless of whether it’s 300 years ago or today, the capital markets continue to attract fortune hunters seeking to ride the big bubbles. Every few years, investors and speculators who should have learned from the past seem to be brutally reeducated. Greed and fear will continue to dominate the investment markets. In From Tulips to Bitcoin, Dennin has impressively summarized the big bubbles of the last few centuries. This is an exciting and instructive book for the seasoned investor or anyone who wants to become one.”

—HANNES HUSTER, Managing Director, Goldreport

“Torsten provides an informed and interesting perspective on several financial speculations throughout the last few hundred years. This history does not become boring in its repetition.”

—MARK BURRIDGE, Managing Partner and Fund Manager, Baker Steel Capital Managers

“Torsten Dennin has written a must-read for anyone interested in commodity and cryptocurrency markets. Read this book—and learn from the past.”

—DR. JAN PETER FIRNGES, Berlin Institute of Finance, Innovation and Digitalization e.V.

“The fate of Bitcoin will be known to us only in the future. However, I think that the Internet of Things will not be possible without cryptocurrencies. We cannot foresee if we will have an e-franc or another means of payment; we even do not know today.”

—DOLFI MÜLLER, Mayor of Zug, Switzerland (2007–2018)

“An imposing and captivating journey through the history of commodities and their exaggerations. True to this day. Brilliant!”

—BJÖRN JESCH

“Financial markets in general and commodity markets especially have a long-dated history of stages of exceptional excitement followed by stages of deep depression. I find From Tulips to Bitcoins, written by my good friend and long-time colleague, Torsten Dennin, very valuable and interesting.”

—MARCEL HOFFMANN, Managing Director, Deutsche Bank AG

“A fascinating look behind the scenes of conspicuous price movements on commodity markets, this book is not only interesting for investors!”

—OLIVER FREY, Portfolio Manager, Union Investment