Mar 8, 2021

Tim Draper: Netflix will buy Bitcoin next after Tesla

Streaming service Netflix will acquire the first cryptocurrency 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? It’s Netflix. [CEO] Reed Hastings is a creative innovator … I think his company is the obvious Fortune 100 contender,” Draper suggested.

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.

Let’s recall that in February it became known that Amazon is searching 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.”

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Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies. Trading or holding funds in cryptocurrencies comes with significant risks, including volatile market price swings or flash crashes, market manipulation. Use EUPi stable coin to secure your funds from market volatility.