Tim Draper: Netflix will be the next one to fall

[bitterguy28]

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?

Why not believe this scenario ? Netflix is the most popular and Used Movie place on earth now and Bitcoin is the most popular currency in our days now.

So why not Will netflix consider this opportunity ?

And besides I see no wrong if this will come soon.

[acener]

Netflix could really be into it but we couldn't be so sure about it too unless they would make an anouncement.
But if it would happen maybe they would start to accept crypto payment directly on their platform.
Besides I don't see anything wrong about it there are so many big companies jumping into Bitcoin nowadays so they might really be the next.

[buwaytress]

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.

Imagine that same scenario, but also understanding that in most companies, you have a whole board of directors making collective decisions like that (not a single guy).

Imagine in 2017, you maybe had one or two directors mention Bitcoin, and then the rest veto-ing it out. Or you had none at all. But the fact that Micro and Tesla and others are doing this means that majority of decisionmakers already voted for it.

Imagine as you say now other companies and CEOs turning heads and asking the others to take a vote. They may not win now, as many didn't in 2017, but the seeds will have been sown.

And every year, when company profits tell them what they told MicroStrategy (that they lost value because their dollars are worth less), they'll be looking for value protection long term.

Enter Bitcoin.

[The Sceptical Chymist]

This sounds like pure speculation if you ask me (and yeah, I get that this is the section for that), and it doesn't seem like TD has any real reason to think that Netflix is going to invest in bitcoin.  But who knows, he might know something the rest of us don't.

For whatever reason I don't see this trend of corporations purchasing bitcoin as an investment/cash alternative as a long-lasting one, especially if bitcoin doesn't maintain its value somewhere around $50k.  It's just too risky an asset for a public company to do that, and frankly I'm surprised that there haven't been concerns voiced by shareholders of MSTR or Tesla stock about those companies buying bitcoin.

But hey, I could be 100% wrong.  If this trend does hold up, I'd expect bitcoin to shoot to the moon--and quickly, too.

[Arkann]

Netflix could really be into it but we couldn't be so sure about it too unless they would make an anouncement.
But if it would happen maybe they would start to accept crypto payment directly on their platform.
Besides I don't see anything wrong about it there are so many big companies jumping into Bitcoin nowadays so they might really be the next.

The fact is that netflix with its statement can greatly encourage the cryptocurrency market, especially if the company not only accepts payments for content in cryptocurrencies, but also tries to invest in Bitcoin, following the latest trend of quite popular companies. But to date, there is still no identification from an official source to be sure of this.

[sana54210]

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?

Why not believe this scenario ? Netflix is the most popular and Used Movie place on earth now and Bitcoin is the most popular currency in our days now.

So why not Will netflix consider this opportunity ?

And besides I see no wrong if this will come soon.

People could believe whatever they want to believe, but the reality is that we are in a situation where if we do not know which company will invest first, like that company comes out and says they are buying it, that type of knowledge, that means we are just speculating.

I believe netflix will certainly buy bitcoin eventually, there is no scenario where netflix never buys any bitcoin at all but just because I think netflix will buy bitcoin does that mean I believe netflix will buy bitcoin as the first fortune 100 company? They may not be the next, they might be second, they might be 5th but they will eventually get it.

The only thing that is arguable here is the fact that they may not be the first one, otherwise they are going to definitely buy some for sure without a doubt. Of course that is going to be something good for us because we are arguing about which one will be next, not "if" but "when" which is awesome.

[matchi2011]

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.

If there's some sort of idea or info about it people speculate right away, there are some who take this as an early sign placing
thier money on it and start following the potentials.

We don't know for sure if this would happened but we can's also take anything out, the potential still high for this kind of things
to happened, netflix might be a big addition if they'll show participation.

[sunsilk]

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.

Yes, it's just speculation coming from Tim Draper and we'll never know if he's saying that with basis or it's just his thought because he knows well Reed more than us.

Those are very much exciting news that we have to wait until they finally say that it's official that they've added bitcoin into their portfolio. Or, they have adopted bitcoin and added it to their payment option.

[Kittygalore]

They are doing well right now. I assume that under the current leadership, there might be some talks about hedging some assets into bitcoin but I don't think that it will get that far, nothing wrong with having a safety net but the board members might not agree in doing that, there aren't a lot of progressive minds in the table.

[rodskee]

Kinda Off Topic but Does YouTube had already accepting or Having Bitcoin ? Because aside from Netflix it is YouTube is one of the biggest company in terms of Video and Movie company and still ranking Number 1 worldwide.
I think this will bring multiple impact in our community if YouTube and Netflix will be on the fall.
But I want to first congratulate the market once Tim Draper finally decide and broadcast His Bitcoin or even other crypto investing .

[Renampun]

...

it is right that Netflix must-sees an opportunity in Bitcoin...
*I myself really look forward to extending my membership list on Netflix with Bitcoin 'lol. Netflix has millions of active users all over the world, and for sure it will have a big influence on the increase in the price of Bitcoin. nice to hear if Netflix is soon investing in Bitcoin.

[Silberman]

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.

While this would be the normal thing to do we need to understand that the longer those businesses hesitate to enter this market the more expensive it will become and the longer they expose their fiat to begin devalued by governments all around the world, this phenomenon is why crises begin kind of slow and then something happens that accelerates dramatically the turn of events, and I think something similar could happen here as businesses try to use bitcoin as a hedge against inflation.

[Wilhelm]

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.

While this would be the normal thing to do we need to understand that the longer those businesses hesitate to enter this market the more expensive it will become and the longer they expose their fiat to begin devalued by governments all around the world, this phenomenon is why crises begin kind of slow and then something happens that accelerates dramatically the turn of events, and I think something similar could happen here as businesses try to use bitcoin as a hedge against inflation.

Only your fiat is insured, your Bitcoin is not.
It’s just the same reason you don’t have all your money stuffed under your mattress....

[Shasha80]

Even though there is currently a trend for large companies investing in Bitcoin, I am not sure Netflix will invest in Bitcoin in the near future.
Moreover, the price of Bitcoin is very volatile nowadays, if we compare it to TESLA which has invested in Bitcoin, it is because of the influence of
Elon Musk. So not all big companies will invest in Bitcoin, it will still take much longer for Bitcoin to gain the trust of a big company like Netflix.
Maybe Tim Draper said that because he is indeed a Bitcoin supporter, and hopes Netflix will join the investment in Bitcoin.

[electronicash]

Even though there is currently a trend for large companies investing in Bitcoin, I am not sure Netflix will invest in Bitcoin in the near future.
Moreover, the price of Bitcoin is very volatile nowadays, if we compare it to TESLA which has invested in Bitcoin, it is because of the influence of
Elon Musk. So not all big companies will invest in Bitcoin, it will still take much longer for Bitcoin to gain the trust of a big company like Netflix.
Maybe Tim Draper said that because he is indeed a Bitcoin supporter, and hopes Netflix will join the investment in Bitcoin.

big companies are coming to crypto and I'm sure they are aware that USD value is falling and if they are open to suggestions they will eventually look at cryptocurrency particularly BTC. netflix is running a business which they will decide base on what is good for the company to profit, if they see BTC as the future and that they can benefit through it then they'd go for it.

[FIFA worldcup]

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?

Sooner or later we will see all the Fortune 100 companies will hedge their balance sheet to bitcoins. When these companies sees the advantage of this, they all will enter in bitcoin with some percentage of funds. This will give a big boost and fomo and drive the price to another level.

[coin-investor]

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.

My family is a long time Netflix subscriber, in case they invest and accept Bitcoin or any other Cryptocurrency it's going to be a piece of welcome news,  Netflix has a huge number of subscribers that's another big leap for Bitcoin, but we need a full confirmation that they are indeed going to adopt and invest in Cryptocurrency.

[UmerIdrees]

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.

My family is a long time Netflix subscriber, in case they invest and accept Bitcoin or any other Cryptocurrency it's going to be a piece of welcome news,  Netflix has a huge number of subscribers that's another big leap for Bitcoin, but we need a full confirmation that they are indeed going to adopt and invest in Cryptocurrency.

If Netflix allows bitcoin as a payment method for their services, this will allow many new customers to join Netflix . Remember when bitcoin was first introduce in the gambling industry, the gambling industry boomed. Same will happen to Netflix if they adopt and accept bitcoins.

[jostorres]

My family is a long time Netflix subscriber, in case they invest and accept Bitcoin or any other Cryptocurrency it's going to be a piece of welcome news,  Netflix has a huge number of subscribers that's another big leap for Bitcoin, but we need a full confirmation that they are indeed going to adopt and invest in Cryptocurrency.

There is a big difference between accepting bitcoin as a payment option and buying bitcoin. The topic here is that netflix is a company that gets insane amount of money from subscriptions and they do spend some back into production which is why I think they do not have all that money in cash, but this is a company that doesn't really have inventory like other companies at hand, all the inventory they have is the movies and tv shows that they have and they pay money on that, surely it takes a considerable amount of their money but meanwhile they also have some cash aside for future productions as well.

So the question is, will they ever put some of that cash reserves into bitcoin? If they do that, and if they do that monthly, we are talking about a lot of money, after all they have one of the biggest cash reserves in any company and they are growing it, it is going to be incredible.

[Rikafip]

If Netflix allows bitcoin as a payment method for their services, this will allow many new customers to join Netflix . Remember when bitcoin was first introduce in the gambling industry, the gambling industry boomed. Same will happen to Netflix if they adopt and accept Bitcoins.

I wouldn't count on that, that adding bitcoin as a payment would have a significant impact on the number of Netflix subscribers.

I mean, I've been Netflix subscriber for years (and very satisfied one for that matter) and I would certainly welcomed that option, but with the price of bitcoin transaction relative to the price of monthly subscription, I am not sure that many would suddenly start paying Netflix just because they can, let alone those who for whatever reason never subscribed to Netflix before.