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Rachel Welch

15 October 2022 188 Read Bitcoin

Will Netflix Soon Buy Bitcoin?

One of Netflix's newest Korean shows, Squid Game, is already getting the internet buzz. The show centers on an adult tournament of children's games that results in a death. Not only is the show popular, it's also creating a new cryptocurrency: SQUID. Currently, SQUID is trading for $2.22, a nearly two-fold increase from the previous day's trading. Its market cap is now over $174 million.

Draper's prediction is in line with many others in the cryptocurrency space. He believes that other public companies will soon start to replicate Tesla's Bitcoin investment strategy. Moreover, the price of Bitcoin is now trading at more than $51,000, a 5.2% increase in a day. The question remains: Will Netflix soon buy bitcoin?