Cryptobros shilling PE/revenue/cashflow metrics are always playing a dangerous game. This industry is built on speculation and hodling. Over 90% of trading and transaction fees and related revenues are derived directly from said speculation. The end result of eroding the money religion will lead to a >90% collapse industry-wide. Feeling déjà vu from ranting against the ultrasoundmoney cult a few years back. An especially grave sin is to extrapolate numbers from speculative mania times - you've to look at baseline figures deep into a bear market instead. For those interested in cashflow should look at stocks instead - there's tons of great investment opportunities available.