Bitcoin Enthusiasm in Thailand

Chinese cryptocurrency journalist and blogger Colin Wu highlights positive developments for Bitcoin in Thailand.
The former Prime Minister, Thaksin Shinawatra, makes a bullish prediction about Bitcoin.

Bitcoin Price Prediction by Thaksin Shinawatra

Colin Wu shared an article about Thaksin Shinawatra, who has suggested an optimistic future for Bitcoin, predicting it could soar to $850,000. He expressed the importance of increasing Bitcoin awareness among the Thai populace and announced a plan to create a sandbox for Bitcoin payments in Phuket.

This initiative follows the recent U.S. presidential elections and anticipated changes in cryptocurrency regulations. Some Thai politicians speculate that the U.S. might use Bitcoin to partially repay its national debt.

Thailand is also considering extensive research into stablecoins to explore potential investments in the economy without increasing money supply, possibly backed by government bonds. Shinawatra believes this could lead to significant economic growth.

MicroStrategy Joins Nasdaq 100

In related news, MicroStrategy, co-founded by Michael Saylor and known for its strategic Bitcoin investments, has been confirmed as part of the Nasdaq 100 index. This index includes top-performing companies like Tesla, Apple, Meta, Amazon, and Microsoft.

MicroStrategy's inclusion is attributed to its substantial market capitalization, heavily driven by its Bitcoin strategy initiated in 2020. As of December 2024, the company holds 423,650 Bitcoins valued at approximately $41.5 billion, having raised funds through senior convertible bonds to finance further Bitcoin acquisitions.

This article was originally published on U.Today.