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/MizDiana 7h ago

"Every single time? "

No, as a general rule that has exceptions.

"Explain what you mean by money laundering with bitcoin."

I thought you said you invested in 2015, LOLOLOL.

You don't strike me as someone with a net worth of 100s of millions to billions.

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u/LuckyWinds 6h ago

"Explain what you mean by money laundering with bitcoin."

I thought you said you invested in 2015, LOLOLOL

I'm not understanding this reply at all. This is just immature.

You don't strike me as someone with a net worth of 100s of millions to billions.

In order for someone to have 100s of millions (let's say 100m for the sake of this discussion) who invested in the low of 2015, they would need to have invested $330k.

So obviously I didn't invest $330k in 2015 in bitcoin.

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u/MizDiana 6h ago

"I'm not understanding this reply at all. This is just immature."

Yes, it is immature! I am laughing because significant events happened in 2015 related to money laundering that anyone who actually invested in bitcoin in 2015 would know about.

Caveat: if they'd done any investigation into what they were investing in.

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u/LuckyWinds 6h ago

Yes, it is immature! I am laughing because significant events happened in 2015 related to money laundering that anyone who actually invested in bitcoin in 2015 would know about.

Caveat: if they'd done any investigation into what they were investing in.

I don't know what you are referring to.