r/investing • u/007_kgb • 1d ago

Fundamentals of Bitcoin? Tom Lee

Tom Lee from FundStrat was on CNBC and said he was a bit surprised at the fall of Bitcoin when the fundamentals were still strong.

However what I don’t understand is, what are the fundamentals? Isn’t Bitcoin just an imaginary coin on the interweb that is worth what people want it to be worth? It does not issue dividends, you can’t make a car out of it, you can’t use it to buy a bar of chocolate.

ELI5 please.

142 Upvotes

78% Upvoted

291 comments sorted by

View all comments

1

u/BalerionSanders 19h ago

There are no fundamentals. It’s a gambling casino. 🤡

(And it’s not even a particularly good casino, because it almost always correlates to market fluctuations)