Too Long; Didn't Read
Most often, rationality is defined as clear execution under sound judgement and discipline.
When investing, most tend to complement their thesis within a rational decision-making framework, as if that made their analysis "fundamental".
Under the spectrum of business and economic valuation techniques, that might be correct. However, the markets are never wrong, and the world is not always rational.
In the cryptoverse, over and under valuations have significant elements that make them prone to subjectivity than traditional stocks. Premia and discounts, for instance, are only temporarily perceived due to high volatility conditions.
Supply curves, energy shortages, structural changes... none of that seems to fit into the narrative presented in the latest quarterly report or newsletter of a trending crypto fund, so one might think that timeliness is what makes the difference.