Netflix The Next Major Company To Buy Bitcoin According To Billionaire Tim Draper

The famous investor picks Netflix among major companies as the most likely to put Bitcoin on its balance sheet.

Netflix may just be the next Fortune 100 company to buy Bitcoin (BTC) and Amazon will have to accept it, says billionaire Tim Draper.

In an appearance on the Unstoppable Podcast on Feb. 28, the serial investor and hodler forecast that out of all possible candidates, Netflix is his pick for putting BTC on its balance sheet.

The prediction comes as telltale signs of institutional buy-ins continue to surface at current prices, with $48,000 seeing multiple large transactions at Coinbase Pro over the past week. Classic buyers MicroStrategy and Square both added to their positions.

Ever the optimist, Draper also considered that Amazon would add a direct Bitcoin payment option in future. 

"Amazon will probably start accepting Bitcoin pretty soon," he said, noting that consumers have been able to buy products indirectly using cryptocurrency for many years.

Amazon added Ethereum availability to its Managed Blockchain this week.

BTC price beats weekly highs

Bitcoin itself meanwhile saw a change in fortunes on Wednesday, exiting the $40,000 corridor to hit highs of $51,800 the most since Feb. 25. 

Taking traders by surprise, higher levels held at the time of writing, with BTC/USD circling $51,500.

source: cointelegraph