Crypto companies continue bankcrupting
As the old saying goes, you’ll only find lemonade at the top of the mountain. The financial crisis has had a profound impact on digital transformation and digital transformation leadership in the digital transformation industry. With global financial markets still in flux, businesses are looking for long-term solutions that can help them stay competitive and thrive in a changing marketplace. That’s why big players such as Google, Microsoft, and Twitter remain solid but crypto companies — forcing their peers to follow bankcrypcy. While these players have created new business models and revitalized traditional industries, they have also exacted costs that are prohibitive for smaller startups experiencing financial difficulties.
What’s really behind the crisis?
Beyond a general downturn in global trade and financial conditions, the credit crunch and the Great Recession in crypto have raised awareness among investors and businesses of the financial risk inherent in acquiring too much debt. As a result, many businesses have sought to avoid acquisition at all costs. Meanwhile, digital transformation companies have found themselves facing unique challenges.
