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Former Thai PM Predicts Bitcoin (BTC) Could Reach $850K Amid Global Crypto Relevance
Thaksin Shinawatra, Thailand’s former prime minister, has caused a stir in the cryptocurrency community with his bold prediction that Bitcoin could potentially reach an astonishing value of $850,000. The ex-PM made these remarks during a recent lecture on Bitcoin’s future and its role in global finance.
During his address, Thaksin emphasized the importance of staying informed about digital assets’ potential as close associates believe this could become a reality. His comments have sparked widespread interest among crypto enthusiasts, who are eager to hear more about Thailand’s stance on cryptocurrency regulation.
Thailand has been actively promoting the adoption of blockchain technology and cryptocurrency use cases in various sectors, including cross-border transactions, e-payment systems, and even real estate. Furthermore, the nation has also been working to establish itself as a regional hub for crypto innovation.
In his remarks, Thaksin touched upon the need to understand digital assets as Thailand’s economy faces several challenges. The ex-PM shared that Thai Prime Minister Srettha Thavisin instructed the Ministry of Finance to pilot Bitcoin payments and explore stablecoins backed by government bonds. This initiative aims to provide economic liquidity while avoiding the issuance of new public debt.
While this prediction may seem ambitious, it aligns with Thailand’s growing enthusiasm for cryptocurrency adoption and its potential to revolutionize global financial systems.
Thaksin’s comments come at a time when many are increasingly recognizing the importance of cryptocurrencies in modern finance.
Source: cryptonewsland.com
