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How can you possibly say it has no fundamentals?

Here are some use cases that give it a non-zero value:

It competes with Western Union for money transfers.

It provides ways to transfer money to places and for things the US government doesn't approve of.



Those are uses.

They aren't fundamentals, e.g.:

https://en.wikipedia.org/wiki/Fundamental_analysis

Money transfers aren't setting the value of crypto. They don't meaningfully affect the supply and demand, since the goal of a transfer is generally to hold the crypto for as short of a period as possible, to minimize price fluctuation risk -- so supply and demand are balanced without changing the price.


> It provides ways to transfer money to places and for things the US government doesn't approve of.

You can just say “facilitates crime”, it’s easier and isn’t doublespeak


That’s circular. Those use cases only work if it has value. If they’re the only reason it has value in the first place then it’s a house of cards.




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