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MARA CEO: Bitcoin Has Missed Its Chance to Become a Payment Method Fred Thiel @fgthiel , CEO of MARA, one of the world's largest listed Bitcoin miners, said in a July 23 interview with Natalie Brunell that Bitcoin's opportunity to serve as a payment method has passed. In
MARA CEO Fred Thiel said Bitcoin's chance to become a widely used payment method has already passed, according to a July 23 interview.
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What happened
MARA CEO Fred Thiel said Bitcoin’s chance to become a widely used payment method has already passed, according to a July 23 interview.
Confirmed
Global impact / market context
If Bitcoin is no longer seen as a viable payment option, demand for transaction fees could stay low, limiting revenue growth for miners like MARA and affecting the broader crypto ecosystem.
Analyst inference
The comment comes as Bitcoin’s price has been volatile and institutional interest is shifting toward store‑of‑value narratives, which may keep mining profitability tied mainly to block rewards rather than transaction volume.
Analyst inference
What to watch
- Changes in Bitcoin transaction fee levels, which would signal whether payment use is truly declining. Analyst inference
- MARA’s quarterly earnings and hash‑rate updates, showing how miner revenue responds to fee trends. Analyst inference
- Regulatory developments on crypto payments, as new rules could either revive or further suppress Bitcoin’s use for purchases. Analyst inference
Affected assets
- BTC — Bitcoin