Bitcoin venture tycoon Tim Draper has anticipated that Netflix could be the following combination to add Bitcoin to its portfolio.
This week, talking on the Unstoppable Podcast, Draper communicated his conviction that the section of organizations like MicroStrategy and Tesla into the Bitcoin space has set off another influx of speculation, filling the advanced resource market.
Draper predicts that benefits assets and Fortune 500 organizations will put resources into this market sooner rather than later. In it, he said that Netflix will be the following huge organization to put resources into Bitcoin.
- “If I’m the CFO of one of those big organizations, I am saying ‘We have to own X % in Bitcoin’ because it’s a hedge against another currency becoming the currency of the future, and it’s also a hedge against inflation as governments keep printing more of their funny money dollars.”
He likewise shared how bitcoin can get significant and predicts that by 2022 or mid 2023 it will reach $ 250,000, stating that Bitcoin will ultimately turn into “the money that can be. decision “of the world.
Draper takes note of that, given the current measure of fiat cash is near $ 100 trillion and the market cap of bitcoin is presently just $ 1 trillion, “so there’s no explanation it can’t be multiple times bigger”. On the off chance that it were multiple times higher than the current value, Bitcoin would be worth at $ 5 million.