MARA CEO States Bitcoin Payment Utility Window Has Closed

Fred Thiel argues Bitcoin's volatility hinders commercial payment use, favoring stablecoins for high-volume transactions while retaining Bitcoin's role as a decentralized store of value.

Woofun AI reports that Fred Thiel, CEO of MARA, stated on July 23 that the window for Bitcoin to function as a medium of exchange has passed. He noted that in commercial scenarios requiring high transaction volumes with low margins, even minor price fluctuations can significantly alter the actual value received. Consequently, Thiel suggested that practical applications in sectors like AI are more likely to utilize stablecoins.

However, he maintained that Bitcoin remains effective as a store of value operating outside central control with rapid transfer capabilities.