Looking at MSTR’s success adopting a bitcoin strategy has me thinking about Elon and Tesla’s failed attempt.
At the time, Tesla didn’t need to adopt a btc strategy, Tesla was growing fast in 2020/2021 and rapidly growing share holder value. Why risk pioneering into an uncharted space like bitcoin adoption? It’s too high risk when your shareholders are happy with the current path of success. Why look for the life raft when you’re not on a sinking ship?
Whereas with microstrategy, Saylor has been vocal in the past that his company had no growth path and ultimately would lose market share to the big players.
Makes me think of the power you can apply to your life when your back is in a corner. Pressure builds strength.