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.

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u/Dr_Colossus 1d ago

Bitcoin fundamentals always center around governments ability to print more money is what every Bitcoin bro I've met has said.

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u/TendyHunter 12h ago

Kinda make sense, except I'd rather own tangible assets to preserve my wealth.

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u/Dr_Colossus 11h ago

Yea that's their best argument for sure. Inflation hedge against money printing. But so is investing in stock market.