Tim Draper Says Netflix Will Add BTC to Its Balance Sheet
CoinEdition
Published Mar 04, 2021 07:12AM ET
Updated Mar 04, 2021 07:30AM ET
Tim Draper Says Netflix Will Add BTC to Its Balance Sheet
- Tim Draper has predicted that Netflix (NASDAQ:NFLX) will be the next company to add Bitcoin to its balance sheet.
- He said this in a Youtube discussion title ‘Building a freer World on Blockchain with Tim Draper’.
- In addition, Draper thinks Amazon (NASDAQ:AMZN) will also accept Bitcoin transactions in the near future.
Popular crypto investor Tim Draper has expressed his interest in the Bitcoin asset. According to Draper, he sees Netflix as the next tech company to add Bitcoin to its balance sheet.
In particular, Draper predicted that Netflix will be the next company to buy Bitcoin in a Youtube discussion titled ‘Building a freer World on Blockchain with Tim Draper’.
Draper said in the discussion,
“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.”
However, Draper’s prediction is based on how institutional investors continue to purchase BTC nowadays. This significantly increased Coinbase Pro transactions a few days ago.
Furthermore, Draper notably said that he thinks Amazon will also accept Bitcoin payment in the future. “Amazon will probably start accepting Bitcoin pretty soon,” he said.
Not long ago, business intelligence firm MicroStrategy bought about 328 BTC at the cost of $15 million. The 328 BTC purchased greatly increased the firm’s total Bitcoins to over 90,551.
Based on CoinGecko data, Bitcoin’s price is $50,580 with a 24h trading volume of $64,581 at the time of writing.
This article first published on coinquora.com
Continue reading on CoinQuora
Get The News You Want
Written By: CoinEdition
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.