Bubble Encyclopedia

History doesn't repeat itself, but it often rhymes. Study the bubbles of the past to recognize the patterns of the future.

Historical Bubble Timeline
Major market bubbles throughout history. Colors indicate bubble phases: stealth, awareness, mania, blow-off, and crash. Click on any bubble to view its full case study.
Stealth
Awareness
Mania
Blow-off
Crash
199020002010202020302040
2026
Dot-Com Bubble
US Housing Bubble (2008)
NFT Bubble (2021)

Featured Case Studies

Cryptocurrency2022 - 2023
When JPEGs sold for millions
Real Estate2006 - 2012
When "home prices never fall nationally" became consensus
Technology2000 - 2002
When "eyeballs" mattered more than earnings

Browse by Category

Cryptocurrency1 bubble
Cryptocurrency2022 - 2023
When JPEGs sold for millions
Real Estate1 bubble
Real Estate2006 - 2012
When "home prices never fall nationally" became consensus
Technology1 bubble
Technology2000 - 2002
When "eyeballs" mattered more than earnings

See the Pattern

Bubbles have occurred throughout history with remarkable regularity. Each generation believes it's different, yet the pattern persists.

Learn the Phases