Market cannibalization is a loss in sales caused by a company’s introduction of a new product that displaces one of its own older products. Market cannibalization can occur when a new product is similar to an existing product, and both share the same customer base.
When it comes to Bitcoin Adoption, I entered the space myself in 2016 because my crossed over Great Uncle Abba Lerner was jumping up and down and yelling to get my attention. So I had to. In case you don’t know, My great Uncle was one of the most famous economists in the world when he was alive and his book, “Flation” is taught today in Ivy league economics courses, like Princeton and Harvard. He is credited with creating part of the Math formula that is currently being used by the FED today. He is very upset about this, let me tell you…
