Tim Draper: Netflix Will Buy Bitcoin Next After Tesla


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

March 4, 2021 | AtoZ Markets – Streaming service Netflix will acquire the premier cryptocurrency Bitcoin as part of its reserve management policy, and online retailer Amazon will add it as a payment option. This opinion was presented by Tim Draper, a venture capitalist and supporter of digital gold. In February, Tesla became the first S&P 500 company to acquire Bitcoin. Investments amounted to $1.5 billion.

“Do you know who’s next? This is Netflix. [CEO] Reed Hastings – innovator with a creative way of thinking … I think that his company – the obvious candidates from Fortune 100  – suggested Draper.

 

During the interview, the billionaire admitted the “early” addition of bitcoin as a means of payment by Amazon. He explained that customers of an online retailer have been buying goods indirectly using cryptocurrencies for many years.

Recall that in February it became known about Amazon’s search for developers to create a solution for converting fiat into digital currency. In one of the Netflix series about the future, cryptocurrencies were used as a means of payment.

Elon Musk recently called Tesla’s investment in the first cryptocurrency “risky enough.” Analysts at Wedbush Securities noted that the value of shares in electric car manufacturers has become highly dependent on the dynamics of the price of digital gold.

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