That might happen if more more companies follow the examples of MicroStrategy or Tesla and invest their spare cash into a cryptocurrency.
The incentives of most CEO’s (who aren’t founders) are against this. There’s little to be gained personally by investing in crypto but if they lose a billion in value by investing in Bitcoin that opens them up to a leadership challenge for having been stupid.
Yeah, but that’s just a network effect where when a critical mass of them start doing it, it becomes normal and they are more at risk of being called stupid for not investing enough.
The Bitcoin rally from Tesla’s investment didn’t last long, instead TSLA dropped like 15% over the last 3 weeks. Personally I was not thrilled with this move coming from Tesla as an investor.
The incentives of most CEO’s (who aren’t founders) are against this. There’s little to be gained personally by investing in crypto but if they lose a billion in value by investing in Bitcoin that opens them up to a leadership challenge for having been stupid.
Yeah, but that’s just a network effect where when a critical mass of them start doing it, it becomes normal and they are more at risk of being called stupid for not investing enough.
The Bitcoin rally from Tesla’s investment didn’t last long, instead TSLA dropped like 15% over the last 3 weeks. Personally I was not thrilled with this move coming from Tesla as an investor.