Is #Thailand about to become the next #Bitcoin nation? 🇹🇭
The country has rising adoption, a unique political landscape, and powerful figures quietly endorsing Bitcoin behind the scenes. Here’s why Thailand might surprise the world.
It starts with Thaksin Shinawatra. Thaksin, Thailand's former Prime Minister, has been a Bitcoin believer since 2017. Photos show him holding The Bitcoin Guidebook and a Blockclock in his office. His interest in Bitcoin isn’t new — but now it’s significant.
Why does this matter today?
Thaksin is the father of Paetongtarn Shinawatra, Thailand’s current Prime Minister. It's no secret in Thailand that Thaksin is seen as the shadow government behind his daughter’s administration. His influence shapes policy.
Thaksin has hinted at Bitcoin’s role in stimulating Thailand’s economy. Ideas like introducing Bitcoin payments in key tourist cities (like Phuket) could attract BTC-savvy global visitors and set Thailand apart as a Bitcoin-friendly nation.
At the same time, Bitcoin adoption in Thailand is rising. The country ranked among the top 20 in crypto adoption globally in 2023. Bitcoin is increasingly being used as a store of value, especially in times of economic uncertainty.
But this isn’t just about adoption; it’s about opportunity.
Thailand, a nation heavily dependent on tourism and exports, is searching for ways to stay competitive. Bitcoin — with its global reach and growing appeal — could be a strategic advantage.
Skeptics point to regulation, but Thailand’s government has taken surprisingly progressive steps. They’ve explored blockchain innovation and financial sandboxes, signaling that Bitcoin could integrate into their economy sooner than expected.
So, what’s happening?
- Thaksin has been a Bitcoin supporter for years.
- Paetongtarn’s administration aligns with progressive economic reforms.
- Public adoption and favorable policies are already growing.
The pieces are coming together.
If Thailand fully embraces Bitcoin, it could become Asia’s leading BTC hub — attracting investment, innovation, and tourism. And let’s not forget: governments that move first gain the most.
Bitcoin adoption is a game theory. Thailand might be playing to win.
It’s too early to say for sure — but keep your eyes on Thailand. The next Bitcoin nation might not be where you expect. 🇹🇭
