Is crypto to blame for the problems of technology companies?
Is crypto to blame for the problems of technology companies?
Since tech managers are forced to account to account for falling income, a new scapegoat has appeared: crypto.
Philipp Schindler, Chief Business Officer from Google, partially traced the company's growth in the growth of the advertising expenses of crypto companies during a conference call to the results of the third quarter.
semiconductor group similar said the crypto income has been back from 30-35 % to 5 % of the total.
crypto has reached a milestone on its way to institutional adoption, which most in the room would like to avoid.
"This is the first real quarter in which you hear that these companies actively lead Krypto as the reason for lost income," said Griffin McShane, Head of Insights and Communication at MPCH Labs.
But crypto companies had to intertwine with other technology companies so that they could even result in sales losses.
In the crypto winter 2018, Google exceeding profit expectations, regardless of whether you bought crypto companies. But as a risk capital and talented young programmers, the rest of the tech economy had no choice but to shift to crypto. In 2022, crypto and technology prices tend to move in parallel.
"If you work profit -oriented [tech] Operation you have to support Blockchain and digital assets, because that seems to be our goal," said David Tawil, CEO of Procain Capital.
The step of crypto in the mainstream was fragmented and was hit by unimpressive trade yields in 2022. Bitcoin-Mining, the original crypto-tech integration, was 80 % less profitable on Monday compared to a year ago.
But technology companies seem to move towards crypto despite the sales problems. Meta and Reddit integrate NFTs on their platforms. Google Cloud starts new partnerships with the Communities Ethereum and Solana.
companies that are further away from web3 development are probably less affected by the rise and case of crypto. Caterpillar, for example, has not shown much desire to shift its production to the blockchain, and metaversum real estate does not need to build heavy equipment.
But in the tech area is a world in which every company sometimes sees itself as a crypto company, maybe not that far away.
"I think we are already there in many ways," said McShane.
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The contribution is crypto to blame for the problems of technology companies? is not a financial advice.