Netflix to become the Next Corporate Giant to Invest in Bitcoin?
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Netflix to become the Next Corporate Giant to Invest in Bitcoin?

March 3, 2021      Deepshikha Gupta

Netflix will soon be adding to the list of Fortune 500 companies to invest in Bitcoin predicted by Tim Draper, the billionaire venture capitalist, in the latest episode of Unstoppable Podcast. According to Draper, if he were running the finances of the corporate behemoth, he would be eyeing the digital asset as a potential hedge. 

The Corporate Giant: Netflix

The entertainment giant Netflix CFO David Wells touched the subject of BTC in the Q&A session at an investor event earlier this month. In the new episode of Unstoppable Podcast, Draper said 

“If I’m the CFO of one of those big organizations, I am saying ‘We have to own X % in Bitcoin’ because it’s a hedge against another currency becoming the currency of the future, and it’s also a hedge against inflation as governments keep printing more of their funny money dollars.”

He also talked about the CEO of Netflix, Reed Hastings, stating:

“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 reigns at Netflix so I think that might be the next big one to fall.”

“Google could do something but I think that all of them, Google and Facebook and Apple are all trying to… create a currency that’s centralized, that’s theirs. And Amazon. Although Amazon will probably start accepting Bitcoin pretty soon…”

Netflix Investment in Bitcoin

Draper pointed to the increasing number of organizations and their jump in the Bitcoin bull. He stated that 

“You know who else is going to have to do it is all the pensions, all the people who are fiduciaries and have to take care of people’s money. They are going to have to own some Bitcoin because… They’re fiduciaries, they need to understand all the markets and see where there’s potential gain, potential loss, hedging needed, all of that.”

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#Bitcoin Bull #Netflix Bitcoin #Reed Hastings #Unstoppable Podcast
Deepshikha Gupta
Deepshikha Gupta

A student from a technical background, Deepshikha found Bitcoin in 2020 and has been an evangelist ever since. A B.Tech turned into a full-time crypto-writer, she tries to bridge the gap that currently exists between the crypto world and people from non-technical backgrounds, through her simplistic yet effective form of writing. She finds that her writing for cryptocurrencies can redefine the way the audience interacts with the crypto space.