Netflix Is Predicted To Invest In Bitcoin

According to the renowned famous billionaire and a volunteered capitalist named Tim Draper, the next Fortune 500 company to carry out investments in the world of Bitcoin will be Netflix. He actively stated his opinion on the novel episode of the “Unstoppable Podcast.” According to Tim Draper, Bitcoin and digital currency can act as possible privet against various factors. He affirmed that if he was the CFO of a Fortune 500 company, he would invest in certain or large amounts of Bitcoin. As it is quickly emerging as the currency, the future will be defined.

Moving forward, he argued that Reed Hastings, the CEO of Netflix, has all the attributes of someone that can potentially add Bitcoin or other related digital currency to their company’s balance sheet assets. Tim Draper stated that Reed Hastings is an extremely creative individual that poses innovative and unique thinking. Henceforth, he thinks that Netflix may invest in digital currency in the near future.

Moving forward, he also stated that Google, Facebook, and Apple could potentially walk down a similar path. Nonetheless, he also argued that these companies had set a framework for creating a centralized currency system that will eventually meet their interests in the market. In terms of Amazon’s stance on digital currency, he stated that the company might look into investing in Bitcoin a lot sooner than expected.

Moreover, Tim Draper further added that all companies will eventually adapt to the world of digital currency and will invest in it. The reason is that; it is inevitable due to its rising influence. In fact, even Elon Musk’s Tesla has invested in Bitcoin. He argued that eventually, people will have to find a way to store their large amounts of pensions and will need a framework on how to take care of the money of other people. In that regard, the companies, their CEO, and managing heads will have to invest in Bitcoin. Adding on, it is acclaimed that the businesses will have to identify and understand the markets they operate in. After which, it is critical for them to locate target areas where there is an expected gain, expected loss, required heading, and other associated factors.