Billionaire Tim Draper Predicts Netflix may put Bitcoin on its Balance Sheet

Billionaire Tim Draper exclaims that Netflix will be the next Fortune 100 company that will buy Bitcoins and Amazon should accept it. During his appearance at the Unstoppable Podcast on Feb 28, he also predicted that out of all the candidates, Netflix is his choice for involving BTC on the balance sheet. 

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

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

“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 forecast is a revealing sign as institutional buy-ins continue to trade at current prices, with $48,000 and undergoing huge transactions at Coinbase Pro in the past week. MicroStrategy and Square both are added to their positions. 

Billionaire Tim Draper Predicts Netflix may put Bitcoin on its Balance Sheet 1

Draper also added that Amazon may also start accepting Bitcoin as a payment in the future. He said, “Amazon will probably start accepting Bitcoin pretty soon.” Furthermore, he noted that consumers were able to buy products indirectly with cryptocurrency for many years. This week, Amazon also added Ethereum availability to its Managed Blockchain. 

Bitcoin Price Reached its weekly highs

Bitcoin hit its all-time highs of $51,800 on February 25, 2021. At the time of writing, the Bitcoin price was trading at $49,522.54. 

Scott Melker of a popular trader who summarized the activity overnight saying that, 

“Price broke out of both patterns, the local bull flag, and descending channel. It is also currently trading above the 50% retracement level of the entire move, so holding above ~$50,600 would be very bullish. Let’s keep this momentum.”

Also Read: Cboe Global Markets Filing Reignites VanEck’s Bitcoin ETF