The former Prime Minister of Thailand stirred waves by declaring that Bitcoin will reach 850,000 USD.
Bitcoin could reach 850,000 USD. This statement from the former Prime Minister of Thailand has caused a stir among investors.
Former Thai Prime Minister Thaksin Shinawatra has just caused a stir in the cryptocurrency community with a bold statement: Bitcoin could reach 850,000 USD in the future.
This prediction was shared by Chinese cryptocurrency journalist Colin Wu, highlighting Mr. Thaksin's optimistic belief and those of his friends about Bitcoin's strong growth prospects.
To promote the development of Bitcoin, Mr. Thaksin stated that Thailand has ordered the implementation of a sandbox program in Phuket, where Bitcoin can be used as a means of payment.
He emphasized the importance of raising awareness about Bitcoin in the community to seize opportunities from this asset.
This initiative was launched after the recent US presidential election, amid expectations that global cryptocurrency policies will change.
Some Thai politicians even believe that the US could use Bitcoin to pay national debt, creating a motivation to boost the global market.
In addition, Thailand is also conducting in-depth research on stablecoins with the goal of issuing digital currencies backed by government bonds.
If successful, Mr. Thaksin believes that Thailand's economy will record significant growth without the need to print additional cash.
The ability of some countries to put #Bitcoin❗ into national reserves like El Salvador + The Fed's interest rate cut order + Soon to hand over power to cryptocurrency president Trump👉Be careful, those who are shorting. It’s really risky. It’s so bullish that I wouldn't dare even if offered candy, and if shorting, I would be nervous 😂
