The air can be thought of as a telecommunications network that everyone is connected to. Sure signal loss is a problem, but that can be fixed by amplification.

The air can be thought of as a telecommunications network that everyone is connected to. Sure signal loss is a problem, but that can be fixed by amplification. That doesn't mean that you should invest in air. When I said fundamentals I meant something more on the lines of: cash flow return on assets conservative gearing history of profit retention for funding future growth soundness of capital management for the maximization of shareholder earnings and returns Bitcoin has none of those. Bitcoin does not have cash flow as the protocol doesn't take in or give out cash. There is no return on assets because there is no income. Conservative gearing means nothing here. Taken from https://www.investopedia.com/articles/fundamental/03/022603.asp https://www.investopedia.com/articles/fundamental/03/022603.... I am long on bitcoin, but not because it has any of the properties of a stock.