May 3, 2024

Tim Draper: Netflix plans to invest in Bitcoin

Tim Draper: Netflix plans to invest in Bitcoin

Netflix co-founder and CEO Reed Hastings may buy Bitcoin to protect the company frominflation.

In an interview with the Unstoppable Podcast, Draper predicted that Netflix would be the next company to invest in BTC. He declared:

Do you know who it will be? Netflix. I believe that Reed Hastings is truly a progressive person ... and I believe that Netflix will be the next big buyer.

The investor believes that huge corporations are studying bitcoin as a means of protecting against inflation caused by the financial incentives of the Federal Reserve System.

The billionaire also added that large corporations like Google, Facebook and Apple will not invest in cryptocurrencies, but will try to create their own centralized currencies.

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