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Title: Bitcoin May Hit $850,000, Former Thai Prime Minister Says
Former Thai Prime Minister Thaksin Shinawatra has made a bold prediction about the future of Bitcoin, suggesting it could hit a staggering $850,000 in value. This estimate is based on his understanding of the cryptocurrency’s potential to become a global reserve currency.
In an interview with Bloomberg, Thaksin Shinawatra emphasized that he does not have any insider information or specific knowledge about the workings of blockchain technology. He explained that his prediction stems solely from his experience as a politician and his observations of the growing interest in cryptocurrencies around the world.
The former Thai prime minister pointed out that Bitcoin’s current market capitalization is still relatively small compared to traditional assets such as bonds, stocks, and fiat currencies. He believes that if the cryptocurrency continues its rapid growth and adoption rates remain stable or improve, it could reach a valuation of $850,000 per coin.
Source: Bloomberg
Source: u.today
