One of the main reasons big businesses like American Telephone and Telegraph, IBM, Yahoo, Blackberry(RIM previously), Nokia, Yahoo get basically 'destroyed' by more nimble young(in the beginning) competing technology startups like Microsoft, Alphabet(previously Google Inc), Apple(its iPhone business was a new business line, a tech startup in a sense) etc. are because of the arrogance of the existing multibillion USD yearly revenue market dominating companies like the aforementioned.
What was previously thought of as a niche market area - personal computers(IBM thought that there would be room for only a handful supercomputers in the world), internet search, mobile phones(the famous quote by a Nokia executive that smartphones are a only a small niche market) 'unexpectedly' becomes the future.
Artificial Intelligence, AI , Bitcoin, cryptocurrencies are now thought of as small services, at least by the majority of big business.
Wall Street, the large investment banks in particular, as far as I see it are severely underestimating the Bitcoin and cryptocurrencies, in general, threat. By issuing their own cryptocurrencies companies are able to finance their projects via crypto tokens without necessarily paying (gigantic) fees or working with the leading top 5 investment banks Goldman Sachs, JPMorgan, Morgan Stanley. Bank of America, Citigroup.
Not to mention the inroads that Bitcoin is making as a means of store of wealth, money transfers and payments, that is.
One day Wall Street can wake up and realise it has fallen behind young and nimble competitors that have embraced Bitcoin and crypto early on.
Yahoo, Blackberry and Kodak are instructive cases what can happen, if a large corporation falls behind in technology, mainly because of hubris and arrogance.
Personally, I like Wall Street, mainly its integrity business, value creation part. I have always dreamt of working in the New York or London offices of the top 5-10 bulge bracket investment banks. 😀
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