Former Thai Minister Makes Extremely Bullish Bitcoin Price Prediction

Colin Wu, a prominent cryptocurrency journalist from China, has highlighted the growing Bitcoin enthusiasm in Thailand, where positive changes are underway.

Former Thai Prime Minister Thaksin Shinawatra has made an extremely bullish prediction, claiming Bitcoin could surge to $850,000 in the future.

According to Wu, Shinawatra shared this outlook, noting that his associates expect the cryptocurrency to reach these heights.

Shinawatra also emphasized the importance of increasing Bitcoin awareness in the country, which led to an initiative to establish a sandbox in Phuket, enabling the use of Bitcoin for payments.

This move follows the results of the recent U.S. presidential election and anticipated shifts in U.S. cryptocurrency policies.

There are speculations in Thailand that the U.S. might leverage Bitcoin to help reduce its national debt.

Additionally, the country is considering in-depth research into stablecoins as a way to invest in the economy without printing more fiat currency. If successful, Shinawatra believes this could significantly boost Thailand’s economic growth.