Theory of Constraints and Bitcoin: introducing a new fulcrum

Matthews, R. ORCID: 0000-0001-6031-7016, 2024. Theory of Constraints and Bitcoin: introducing a new fulcrum. Challenges, 15 (1): 7. ISSN 2078-1547

1853471_Matthews.pdf - Published version

Download (183kB) | Preview


Much of the attention on bitcoin relates to its ability to store value over time or whether you will one day by able to buy a cup of coffee with it. Much less attention is given to bitcoin’s potential role as a unit of account. This opinion piece proposes that bitcoin has potential to provide a consistent unit of account for organisations to adopt, but also to assist them in making and measuring meaningful business developments. The paper draws from the business improvement philosophy of Theory of Constraints to propose that unit of account, particularly within high inflation environments, is critical to consider. An illustrative case of a well-known publicly traded company, Microstrategy, provides an example and logic for a company choosing to integrate bitcoin into a business. The paper also gives attention to how the adoption of bitcoin can promote the development of renewable energy infrastructure and provide staff with opportunities for personal development to support their well-being. Opportunities for further research are identified to explore the integration of bitcoin within a business as well as with Theory of Constraints.

Item Type: Journal article
Publication Title: Challenges
Creators: Matthews, R.
Publisher: MDPI
Date: 30 January 2024
Volume: 15
Number: 1
ISSN: 2078-1547
Rights: © 2024 by the author. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (
Divisions: Schools > Nottingham Business School
Record created by: Jeremy Silvester
Date Added: 02 Feb 2024 12:23
Last Modified: 02 Feb 2024 12:23

Actions (login required)

Edit View Edit View


Views per month over past year


Downloads per month over past year