Former Prime Minister of Thailand Thaksin Shinawatra predicts Bitcoin could reach 850,000 USD and calls on the public to understand crypto trends. He suggested experimenting with Bitcoin payments in Phuket and issuing a stablecoin backed by government bonds to increase liquidity without raising public debt.

Thailand is promoting the legalization of crypto, developing a Digital Asset Sandbox to test blockchain under the supervision of the Thai SEC, while also licensing multiple crypto exchanges.

#btc 150k on January 20, 2025