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

Odaily News – Fred Thiel, CEO of MARA, one of the world's largest publicly listed 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, even slight fluctuations in Bitcoin's price can alter the actual value received, so commercial applications of cryptocurrency in areas such as AI are ultimately more likely to be carried out through stablecoins. However, Bitcoin remains suitable as a store of value that operates outside central control and can be transferred quickly.