At this point I'm convinced at least one cryptocurrency is going to be very valuable in the distant future, I just have no idea if it'll actually be Bitcoin.
I'm with you, one would be so valuable that even if you bought a considerable amount in all of them, the net gain would easily overshadow the loss of the others. Kind of how VC money works btw...
It has a P/E of over 130, and just reported slower than expected subscriber growth. Of what specific fundamentals do you speak?