TLDR
In the early phase of the cycle, most assets don’t have revenue or profit yet (or not many do) Since most crypto assets are networks, it makes sense for fundamental analysis to focus on usage and utility. Even if these crypto-assets do not yet have cash flow, they still have value in the form of their potential. This framework uses the relative value to make directional decisions based on following the major reserve crypto-asset which is bitcoin. Investors typically have to buy bitcoin before they can invest in any other crypto asset.via the TL;DR App
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Written by Jake_m6s2 | @TradecraftJake on Twitter & author of Crypto Investing, coming out from Wiley in 'Q4
