Billionaire philanthropist Tim Draper has predicted that major online streaming platform Netflix might be the next company to join the bitcoin buying bandwagon.

Netflix could be the next bitcoin investor:

Tim Draper said while speaking on the episode that published Recently, from the podcast “Unstoppable,” Netflix could be the next company to add bitcoin to its balance sheet.

According to Draper, the company’s co-founder and co-CEO, Reed Hastings, makes it very likely that Netflix is ​​a potential investor in Bitcoin.

Draper confirmed his point by saying:

I think Red Hastings is a very innovative guy with a lot of creative thinking and I think he’s still very much in control of Netflix.

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So I think Netflix is ​​the biggest candidate for buying bitcoin.

Meanwhile, Draper mentioned the giant Facebook, as well as other major companies such as Apple and Google, as potential candidates to also invest in Bitcoin.

Draper noted that companies were trying to create their own central digital currency instead of Bitcoin.

Draper also stated that if he was the chief financial officer (CFO) of any major institution, he would advise the company to allocate a portion of its portfolio to bitcoin, as Draper sees bitcoin as a hedge against inflation.

Since Tesla’s investment in Bitcoin, there has been several speculations about which company will emulate Tesla’s move.

It can be argued that the increased institutional interest in Bitcoin is largely responsible for the upward momentum of Bitcoin.

Meanwhile, companies like Microstrategy and Square have recently added more bitcoin to their vaults.

Is Amazon likely to accept bitcoin as a payment method?

In the same episode of the aforementioned podcast, Tim Draper stated that Amazon could start accepting bitcoin.

Thus, providing the opportunity for individuals to use cryptocurrency to purchase products on the “Amazon” store.

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In February, there were reports that Amazon was looking to introduce a new project that would enable customers to convert cash into digital currency.

Expected to launch in Mexico, the company did not say which digital assets it would support, although there has been speculation that the company may not use popular cryptocurrencies such as Bitcoin or Ethereum.

Read:The co-founder of “Steam” explains the reason for stopping the acceptance of Bitcoin as a payment method!

Draper concluded his talk about the future price of Bitcoin, saying:

The current worldwide currencies in dollars are worth about $100 trillion, and the market capitalization of Bitcoin is now reaching $1 trillion.

There is no reason why bitcoin can’t increase 100x.

It’s not like it will completely replace the dollar.

Although I think people will laugh when they try to buy things with dollars in the future.

Earlier in 2020, Tim Draper predicted that the bitcoin price would reach $250,000 by the end of 2022 or early 2023.

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