Tim Draper: Netflix will be the next one to fall

[btc_angela]

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?

[LUCKMCFLY]

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.

[sunsilk]

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.

Yes, it is also available on cointelegraph:https://cointelegraph.com/news/netflix-might-be-next-fortune-100-firm-to-buy-bitcoin-tim-draper

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.

[Hippocrypto]

Tim Draper was a guest 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?

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.

[OgNasty]

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.  

[Silberman]

Tim Draper was a guest 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?

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.

[GreatArkansas]

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.

[mk4]

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.

[Kemarit]

Tim Draper was a guest 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?

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.

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.

[Yaunfitda]

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.

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.

[orions.belt19]

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.

Yes, it is also available on cointelegraph:https://cointelegraph.com/news/netflix-might-be-next-fortune-100-firm-to-buy-bitcoin-tim-draper

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.

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.

[mk4]

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.

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.

[crwth]

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.

[cryptomaniac_xxx]

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.

That is if the people behind the company is looking at something to hedge their profit or not. So far we haven't heard from anyone, except Tesla who see BTC as their reserve assets to hold on their balance sheet as Draper insist. And it will be a long process before the company are going to approve it, so it's not going to be an overnight decision. Board members, CEO and other top management really needs to agree first before becoming the next "one to fall" to BTC, so I will be skeptical first.

[crwth]

That is if the people behind the company is looking at something to hedge their profit or not. So far we haven't heard from anyone, except Tesla who see BTC as their reserve assets to hold on their balance sheet as Draper insist. And it will be a long process before the company are going to approve it, so it's not going to be an overnight decision. Board members, CEO and other top management really needs to agree first before becoming the next "one to fall" to BTC, so I will be skeptical first.

There's nothing wrong with being skeptical about it but imagine this scenario going on right now.

One of the richest men in the world, Elon Musk, has invested the cash balance that his company, Tesla, of $1.5B in BTC. That's 15% of the cash reserves of Tesla and he invested in BTC and he has already made a profit, in value, of his investment. That's going to make some top CEO's turn some heads and we all know that Elon is looking at the future and he wouldn't stop innovating for sure.

This event probably has caused most CEOs to think about their next move is and if he/she will follow in this trend. We are still too early in the game. Institutions are coming in.

[NeuroticFish]

They can increase their valuation just by doing that.

With the increased competition from Amazon, Disney and whoever else is coming, with quite a significant part of the potential income not coming in because of illegal accounts and account sharing, I think that if they make their move quick enough, Bitcoin can become their safety net between a "happy life" and really big problems.
In the same way Tesla, as big as it is, didn't really have profit yet from selling cars and Bitcoin came so very handy, I think that Netflix is basically in a quite similar situation and may profit in the same way.
I think that this could have been Tim Draper's logic and I tend to agree with it. I don't know if Netflix board is on the same page though 

[Poker Player]

The most normal thing is that they will all fall little by little, since this is not a question of a crazy investment. It is rather the best way to protect against massive central bank printing. To hold cash for longer than a year is to be willing to lose money. Obviously, you have to have some cash. But we will see how little by little, they start buying small amounts of Bitcoin and then more and more companies buy more and more amounts.

[electronicash]

why not. netflix came out to be a playful and creative company. it's not going to be surprising for Netflix to have an option which BTC users can pay for a subscription. it's a very unpredictable turn of events which netflix came out to digitalize everything instead when the other side of the world are still building cinemas. CDs and storage had become outdated because of netflix.

[Hippocrypto]

Tim Draper was a guest 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.
~snip~

Watching the video, Tim only predicted those particular scenario that's gonna be happening with Netflix that would tend to fall.

~snip~

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.

It's now clear for us that these whales who released negative testimonies has a hidden plans on their asset, and desires to buy cheaper price when it declines. Billionaires could pay more interview sessions just to deceive every interested audience, that's why they wouldn't stop pretending. They are more wiser on that level of understanding, because of a mindset that small investors go into panic. But, I don't think they'd easily can manipulate the market easily while demand still catching up after last corrections.

[slaman29]

Ugh, I've been seeing a lot of NEtflix videos lately on my facebook, supposedly the CEO is such a nice guy with progressive leadership and what not. Saying how they have no expense policy cause people spend as much as they need, I'm like, yeah right my ass haha;)

Anyway, Netflix BTC? Hope they start paying employees in Bitcoin rather!