RE:RE:RE:RE:CryptocurrencyIt might be your humble opinion...but it is a shallow opinion. Hoping for Aeroplan to simply find a replacement partner to Air Canada and carry on as a points-based loyalty program is...well...akin to saying you want to replace your gasoline clunker with shiny new gasoline car when the world is pivoting towards electric cars...think the revolution that Tesla has started.
In the case of Aeroplan, the pivot needs to be towards cryptocurrencies...and the revolution that Bitcoin has started. Bitcoin is flawed as a cryptocurrency (exists and used for all the wrong reasons) but is hugely popular because there is a strong market demand for cryptocurrencies.
Either Aeroplan pivots towards a cryptocurrency model and remains relevant in the future...or...it can join Blockbuster, Kodak, Sears etc. in the business scrap heap.
buyvalue1 wrote:
Dyod
Imho, i'm not sure about going "Crypto". Depending on the redemption rules (what ever they maybe), using Aeroplan miles as cryptocurrencies could exclerate redemptions and eat into our $630 million cash mountain.I hope we sit on that mountain ( hopefully grow it) until we find another partner.
I know Air Canada is sayiny "bye, bye" to us in 2020 which seem like a long time to be able to find a new partner. I see it as a short time frame and hope MGMT hooks us up with someone soon. The closer we get to that 2020 date, the more we risk a redemption run.I'm sure MGMT is aware of that and hopefully we get someone on the dance floor soon.
Just my humble opinion
GLTA Longs
Best Regards
BV1