Bitcoin’s volatility and transaction volume limitations make it unsuitable for commercial payments, per Marathon Digital’s chief executive.
Marathon Digital CEO Fred Thiel stated Bitcoin has missed its chance to become a mainstream payment method. He cited high transaction volumes and thin margins in commercial settings, where small price swings can significantly alter value received. Thiel expects stablecoins to dominate AI-related crypto payments instead.
Bitcoin’s primary utility now lies in serving as a store of value, allowing users to hold assets outside centralized control and transfer them globally with speed. The comments follow ongoing debates about Bitcoin’s scalability and adoption in payment systems.
No immediate market reaction was reported following the remarks.