MARA CEO Thinks Bitcoin's Payment Days Are Numbered

Bitcoin's role as a payment method may be over due to its volatility, according to Fred Thiel, CEO of MARA Holdings. In his view, stablecoins are now dominating this space.

Thiel valued Bitcoin at around $90,000, suggesting it is undervalued. However, this assessment does not necessarily imply that investors should buy in immediately.

MARA Holdings is pivoting from pure Bitcoin mining to building AI and high-performance computing data centers, which generate significantly higher revenue per megawatt. This shift reflects broader industry trends and signals a new focus for investors on revenue efficiency rather than just mining capacity.