Topic: Tim Draper: Netflix will be the next one to fall - page 3. (Read 481 times)

The availability and adoption of Netflix are high now, knowing that many people are better off streaming instead of buying movie tickets online or something. They invented the streaming services, and they have destroyed the stores in which you would purchase hard copy movies. I remember reading an article about Netflix annihilating Blockbuster. So whatever their decision is would be wise. And if that decision is hedging a portion of their funds to BTC. They would increase their revenues knowing that they are the top streaming service. They can increase their valuation just by doing that.

Your business industry doesn't really need to be in line with Bitcoin to be able to take advantage of it though. MicroStrategy's and Tesla's business doesn't have anything to do with bitcoin but yet they allocated some of their cash into bitcoin because of it's hedge characteristic.

Based on the article, it looks to be mostly speculative with no statements yet from Reed Hastings himself so we shouldn't be too excited. However, this is very optimistic and the fact that Amazon has already added Etherium to their Managed Blockchain is exciting. Since paypal will soon be launching crypto merchant payments, it wont be crazy to see Amazon and Netflix to do the same.

I also have my eyes on Apple who may be trying to be lowkey for now. There has been rumors if implementations of crypto on Apple pay or maybe an investment on bitcoin like what Tesla did but for now they are focused on the Apple car. If they will go head-to-head against Tesla, they may offer BTC as a payment option as well as they compete against them.

I agree, this should be taken with a grain of salt. Tim after all is a bagholder of BTC ever since, he also told that his family is onto bitcoin, so he will tell positive things about it, including speculating that Netflix is going to be the next big companies to involved themselves into bitcoin.

So I wouldn't take this news or at least it won't have a positive impact to the price. Maybe Netflix management heard this already, but we are not sure if they are on board with bitcoin or crypto at this point. Their line of business is very different.

Obviously, Tim is just speculating, but he specifically mentioned Netflix because of the CEO, maybe he was close to him, or know him personality. So nothing is wrong here, of course, we wanted Fortune top 100 or at least half of them see bitcoin differently, like Elon Musk or other billionaires out there. So we will see.

Tim is pro-bitcoin, so he will clearly say or at least will shill for Bitcoin, hope he is right though, we need to see more companies looking at bitcoin as a hedge to their profits and used it to make more money.

Not sure if we should take that call any seriously, because unless you literally have inside knowledge(you're with Coinbase or Gemini or something) on which specific companies are having heavy interest in bitcoin, it's pretty much like throwing darts on a dart board with company names in it.

Virus is spreading then. After a lot of companies starting to put Bitcoin on their balance sheet, some will follow, after what Tesla did.
I will not be surprise if Netflix will start buying Bitcoin.
Tesla total assets is $52b while Netflix is still $39b, very small gap.

We know that other companies will want to do something similar to what tesla did but they they need to do before they announce it or they are going to raise the price an affect themselves in the process so I really think the tech giants have all the incentive to invest in bitcoin. After all the people on top of those companies understand very well the value of innovation and even if I see them creating their own cryptocurrencies I think they will be interested in investing in bitcoin as well.

Now that Tesla has made over a billion dollars from their cash, I imagine other treasurers for big companies will be taking note.  It takes time for meetings and approvals to do something like put all your cash into BTC, but I am guessing lots of those conversations will be had in the next 3 months.  This summer is beginning to look like a perfect storm is approaching.  I don't know if Netflix will be next or not, but they are certainly a good candidate given they raised a ton of cash and need to generate revenue to offset their massive spending on content creation.  

Personally, I'd keep my eye on Apple.  They're looking to go head to head with Tesla in the car space in the next few years and have the cash to spare to eliminate Tesla's Bitcoin investment as a competitor's edge.  I would imagine a 10 billion dollar investment into Bitcoin right before accepting it as payment for iPhones and including it into the iOS wallet infrastructure would have a pretty amazing effect on the price of BTC.  Something like this could very well carry us well into the hundreds of thousands of dollars per Bitcoin and I would argue that Bitcoin's high fees make it a much better payment alternative when buying an iPhone or or electric vehicle than making payment for a monthly content subscription.  

Watching the video, Tim only predicted those particular scenario that's gonna be happening with Netflix that would tend to fall. Unknowingly, he's not yet sure about it but there's a huge possibility of hedging huge amount of holdings. Basically, if there's predictions people would tend to follow every footsteps then more articles and news comes in and eventually price declines slowly.

After saying that, many articles have come to publish what he has said. Who knows? they may come into a surprise or there's really an actual source that he had talked to directly from Netflix and has mentioned about it.

This article also says that Tim is speculating that Amazon might also be the next company to accept bitcoin payments directly. Since they've already added AWS ETH blockchain on their service, there's a possibility that they'll accept bitcoin soon, he said.

Yes, it is also available on cointelegraph:https://cointelegraph.com/news/netflix-might-be-next-fortune-100-firm-to-buy-bitcoin-tim-draper Thank you very much for bringing it and expanding it, since Tim Draper is a character who is widely accepted for being a great investor and who believes in the Bitcoin market, if Netflix decides to make this type of investment and so publishes, I think we could have another great pump for the market, not only because of the amount that it will buy, but because of what Netflix represents for the world, and as it says in the article, Amazon would have to accept it. , which, I think like Tim, Amazon will have to integrate Bitcoin to its platform, it cannot be left behind.

Tim Draper was a guest at "The Unstoppable Podcast Episode 15", and he was ask what he thinks will be the next Fortune 100 to invest in bitcoin, and he blurted out Netflix under Reed Hastings, who he said is a very innovative guy. So there is a possibility that he might be looking at BTC to hedge their reserve assets.

https://www.youtube.com/watch?v=M6nSWFRFTJM

Go forward 29:00, what are your thoughts about it? Will Netflix be the next one to hedge balance sheet to bitcoin?