Crypto Investment Shifts Toward Fundamentals Amid Market Evolution
Investing in digital assets continues to evolve as market participants grapple with the balance between fundamentals and trading flows. Jon Charbonneau, a crypto investor, argues that these are the two primary lenses through which any investment—crypto or otherwise—should be viewed. Fundamental investing, he explains, is rooted in forecasting future cash flows and does not require consensus from others, echoing Warren Buffett’s approach [1]. In contrast, flow-based investing is predicated on the belief that others will pay more in the future, a concept often associated with the “greater fool theory” [1]. Charbonneau notes that crypto assets like Bitcoin have become more complex as they straddle the line between fundamental and…
