MARA CEO: Bitcoin Has Missed Its Chance as a Payment Tool

Odaily News – Fred Thiel, CEO of MARA, one of the largest publicly traded Bitcoin mining companies, said in an interview with Natalie Brunell on July 23 that Bitcoin's opportunity as a payment and exchange medium has passed. For commercial scenarios that require thousands of transactions per second with low profit margins per transaction, slight fluctuations in Bitcoin's price could alter the actual value received, so commercial applications of cryptocurrency in areas such as AI are ultimately more likely to be fulfilled through stablecoins. However, Bitcoin remains suitable as a store of value that operates outside central control and can be transferred quickly.