close the company or adapt

[Findingnemo]

It is not like they will run out of business if they don't offer bitcoin ETFs, but if they do then it is more revenue for them, and why they want to leave it out? Because of some stupid comments made earlier, no one got any shame in changing their opinions, and it is not wrong either. No one knows everything and if they learn it is worth considering then making the changes is appreciable.

[Joy- maker]

it makes me think of how many companies are being pressured now to open their businesses for crypto or else they will shut down because crypto has become a competitive edge among the industry and if you don’t adapt, you’ll be left behind

I'm to believe that, you are referring to Bitcoin with that word crypto on your post. Well I can't really tell what is actually happening out there, but I can tell you this for free, that  nobody is pressuring companies who have not adopted Bitcoin or cryptocurrency generally as a payment method to adopt it if not they will be shut down. So I don't really know where you got this your information from, because I haven't heard such thing, so I think the information is not true as you claimed, why because Bitcoin is decentralized, no central authority controlling it, so for that reason Bitcoin is on it own. And sincerely speaking any company who haven't adopted Bitcoin as a payment method is really missing out.

[Jatiluhung]

we know how much companies have been involving themselves with crypto despite opposite views from before a recent example is vanguard, an investment company in which expressed negative sentiment on bitcoin before only to offer bitcoin etfs now to around 50 million users

it makes me think of how many companies are being pressured now to open their businesses for crypto or else they will shut down because crypto has become a competitive edge among the industry and if you don’t adapt, you’ll be left behind

Large companies will only move into a new sector if they see significant potential there. Or when the majority of their shareholders and consumers are supportive of the move. So they are simply adapting to the times and to trends that they see gaining momentum from one halving period to the next. They don't want to be left behind, and they strive to take the initiative even if they're not the first. But they certainly don't want to be part of a company that lags behind and is sure to receive no attention at all. Every company that wants to survive must be adaptive and innovative. And that's exactly what they do.
After all, when there is the potential for huge profits ahead, as we know, the volume in the ETF market is also quite large. So who would want to miss out on taking advantage of the profits there?

[tabas]

It's not being pressured but being adaptable and it's normal for businesses and companies to adapt what's keeping the demand. Because if they don't do that, they'll get lesser sales and profits but I don't think that they'll get out of business just right after they don't do that. For as long as they see the need to do it, they'll also join and adapt for them not to miss the potential profits that they can get from it. With these brokers, they don't really invest directly to bitcoin and just offers the stock-type of it for their targeted customers. At the end, it's always about money and timings that they shouldn't miss.

[Distinctin]

I don't see it happening yet. Crypto is rising, but its still in its early stage so definitely, majority of the companies have not yet acknowledged its potentials, that some are even hesitant to adapt it. So its not yet a do or die, the company will still have a choice not to adapt crypto because there are still no guarantees that it will be here for years or it will survive in the future.

Most especially for those big and highly established companies, they won't easily settle for anything less, that's how they see bitcoin for now. So I don't agree that companies are hurriedly adapting crypto right now, because what I see is that they are still stuck to the traditional assets, which they find still highly profitable until now.

[Z-tight]

Institutional adoption is on the rise and i expect it to continue this way. BTC is great for many things and as an investment is one of them. As an institution what do you lose if you have BTC in your books, nothing. But you could lose a lot if you fail to include it and then go on to regret it when other companies are counting their gains.

However, i wouldn't say it is necessarily buy BTC or close up, not sure if you meant that methaphorically. There are a whole lot of places were companies can invest their money other than in BTC and make good returns. Some of them do not even want to invest in BTC because of its volatility and that's fine.

[Antona]

it makes me think of how many companies are being pressured now to open their businesses for crypto or else they will shut down because crypto has become a competitive edge among the industry and if you don’t adapt, you’ll be left behind

The pressure is not there, because its a decision and those that are using crypto as part of their payment currency were not also forced to do so, adoption in bitcoin is an independent priority, we should know all these and be able to adopt bitcoin or any other cryptocurrency as according to how we can manage for it, there's no any form of threat to shutdown if bitcoin is not included as an acceptable form of payment, but those using it are making such decision because of competition and future opportunities from the use in boosting their business patronage.

Exactly. No one's holding a gun to a business's head to accept Bitcoin. It's a strategic choice, often to attract a specific customer base (tech-savvy, privacy-conscious, international) or for PR as being forward-thinking. The "pressure" is just market competition and wanting to tap into new opportunities, which is how organic adoption should work.

[serjent05]

It's true that no one is forced to accept crypto. It's a choice. But the pressure isn't really about a threat to "shut down." It's about missing out.
Think of it like this: 20 years ago, a business didn't have to have a website. But as more customers went online, not having one meant losing customers to competitors who did adapt.

It's the same now. If customers in your area start wanting to pay with Bitcoin, the business that accepts it gets their trade. The one that doesn't, loses it. So the "pressure" comes from the market and competition, not from a direct rule.

The things is Bitcoin is not the only option to pay and for sure those who hold Bitcoin have other currency, so when it comes to buying stuff, and the customer really want to buy the item but there is no available option to pay in BTC, the customer will gladly pull his fiat currency and pay for the item.  Besides, those who are into Bitcoin investment will gladly pay in cash than in Bitcoin.

So Bitcoin is not a do or die for business owner. It is an additional option to give customer another means of payment.  It maybe advantageous since having an option to pay in BTC caters Bitcoin enthusiast but most of these enthusiast don't want to part with their BTC because most of them thinks that they will miss out on the future profit if they spend it today.  Instead, they would rather pay in cash.

[Jegileman]

we know how much companies have been involving themselves with crypto despite opposite views from before a recent example is vanguard, an investment company in which expressed negative sentiment on bitcoin before only to offer bitcoin etfs now to around 50 million users

No one wants to be left behind in this world and when you fail to not be part of the process because of a negative sentiment before, then you’ll not go far or even make the best out of the investment when others are already making waves in the same market and condition. No need to let your pass comments not make you achieve or go far in the investment space.

it makes me think of how many companies are being pressured now to open their businesses for crypto or else they will shut down because crypto has become a competitive edge among the industry and if you don’t adapt, you’ll be left behind

Bitcoin is the revolution of financial markets and it makes no sense as an evolving company not to be part of the revolution, once left behind, you’ll never get to catch up with those that have joined and taken part in the revolution initially. It is important that we always make a very good decision in this competitive situation we find ourselves. Sometimes when left behind, to catch up becomes very hard.

[Kelvinid]

Pressured? I guess companies don't feel that way. Those who have adapted crypto have made it their own choice, because they have seen the huge potentials of bitcoin that some companies fail to see it, and whatever the outcome is, they are also prepared to lose.

For me, this is more on taking the lead before majority of these companies will shift to crypto. So there is no pressure happening, in fact a lot of big companies are still blind about crypto, but if they'll see that majority are definitely heading into it, they won't allow theirselves also to be on the last, they will take the race definitely than miss the golden bitcoin opportunity.

[Antona]

Pressured? I guess companies don't feel that way. Those who have adapted crypto have made it their own choice, because they have seen the huge potentials of bitcoin that some companies fail to see it, and whatever the outcome is, they are also prepared to lose.

For me, this is more on taking the lead before majority of these companies will shift to crypto. So there is no pressure happening, in fact a lot of big companies are still blind about crypto, but if they'll see that majority are definitely heading into it, they won't allow theirselves also to be on the last, they will take the race definitely than miss the golden bitcoin opportunity.

I'd argue the big corporates aren't "prepared to lose" in a catastrophic sense. They're allocating a small percentage of their treasury. It's a risk-managed experiment. The real pressure will hit if Bitcoin's adoption accelerates and their competitors gain efficiency or branding advantages they lack. Then it becomes a defensive move, not a visionary one.

[Russlenat]

I don't think these companies fear they could shut down. They can probably survive just fine especially those with an established foothold already in their respective industries.

But the kicker is most companies wants a slice of the pie, to grow their business into an even bigger one especially the big corpos—greed supercycle. They are constantly looking for opportunities, and it makes sense that we see a lot of interest from entities considering crypto market's growth plus future potential. I expect more heads turning in the future lol.

Big companies do not just easily shut down their operation, there are always bigger chances for their recovery first prior to the decision of shutting down.

And when a good chance or opportunity is around, no good business will try to decline it, but will grab the possibility or the potential towards growth and progress, just like those smart companies who were able to seize the iron while its hot, and now they're making the profits far from their real imagination.

It is true that bitcoin has definitely brought a life-changing opportunity for any struggling business, but let us also be cautious of its flaws if ever, as not all the time bitcoin or crypto will stay highly profitable or advantageous.