CandleFocus Billionaire Tim Draper Compares Bitcoin to Netflix
2025-01-07
Author: Content Editor
This article discusses how Tim Draper, a prominent venture capitalist, compared Bitcoin to the rise and fall of Blockbuster and the success of Netflix. Blockbuster, a movie rental chain in the 90s, failed to adapt to the internet and rejected an offer to buy Netflix. This decision proved costly as Netflix launched its streaming service and eventually surpassed Blockbuster in market share. Blockbuster filed for bankruptcy in 2010 and closed its remaining stores. Tim Draper believes Bitcoin can have a similar impact on traditional banking institutions and sees potential for its price to reach $3 million.
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