Few who watch the automotive industry doubt that GM is really trying to play catch. This is a company in trouble. Why is this the case? Simply, it waited to long to address disruption, instead trying to hold onto the past.
In this video I discuss how this is very common. We saw it from the likes of Blockbuster and Kodak. Now we are seeing one of the most recognized automotive names heading towards bankruptcy courrt. The lesson here is that entities that try to hold onto the past, end up getting crushed by disruption.
This is something we can see with the banks and financial industry. Cryptocurrency is not viewed by many in that realm as a threat. Yet, just like few thought EVs were legitimate 6 or 7 years ago, by the middle-end of this decade, everyone will realize what cryptocurrency can do.
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