July 24, 2021

Netflix ‘might’ be next Fortune 100 firm to buy Bitcoin — Tim Draper

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Netflix may just be the next Fortune 100 company to buy Bitcoin (BTC) and Amazon will have to accept it, says billionaire Tim Draper.

In an appearance on the Unstoppable Podcast on Feb. 28, the serial investor and hodler forecast that out of all possible candidates, Netflix is his pick for putting BTC on its balance sheet.

Draper: Netflix “might be next big one to fall”

“You know who it might be? Netflix,” he said. 

“I think Reed Hastings is a very innovative guy and has a lot of creative thinking and I think he still controls the reins at Netflix and so I think that might be the next big one to fall.”

The prediction comes as telltale signs of institutional buy-ins continue to surface at current prices, with $48,000 seeing multiple large transactions at Coinbase Pro over the past week. Classic buyers MicroStrategy and Square both added to their positions.

Coinbase Pro outflows chart. Source: Ki Young Ju/ Twitter

Ever the optimist, Draper also considered that Amazon would add a direct Bitcoin payment option in future. 

“Amazon will probablyTitle: Netflix ‘might’ be next Fortune 100 firm to buy Bitcoin — Tim Draper
Sourced From: cointelegraph.com/news/netflix-might-be-next-fortune-100-firm-to-buy-bitcoin-tim-draper
Published Date: Wed, 03 Mar 2021 12:13:41 +0000