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Re:Hedge fund warns White House is inflating crypto bubble t... by heliodor on Friday January 31, 2025 @07:33AM (#42887019)
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.

Re:Hedge fund warns White House is inflating crypto bubble t... by crazygringo on Friday January 31, 2025 @07:36AM (#42887049)
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.

Re:Hedge fund warns White House is inflating crypto bubble t... by louthy on Friday January 31, 2025 @08:15AM (#42887328)
> 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

Re:Hedge fund warns White House is inflating crypto bubble t... by wat10000 on Friday January 31, 2025 @08:15AM (#42887326)
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.