Thai media reported that former Thai Prime Minister Thaksin Shinawatra mentioned trade after Trump was elected at a seminar and also said that a wealthy businessman friend of his was convinced that Bitcoin would reach the price of 850,000 mg. Thaksin Shinawatra is also the father of current Thai Prime Minister Phaethongthan Chinnawat, and he also suggested that the government should consider using central bank stablecoins instead of printing money. As well as piloting Bitcoin payments in tourist attractions such as Phuket, he also said that the Thai government’s 15% value-added tax seemed a bit hasty.
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ToggleFormer Thai Prime Minister Deoksin warns of Trump administration’s possible trade policies
Thaksin Shinawatra discussed the world situation and adaptation-related issues with Pheu Thai Party politicians at a seminar held at the InterContinental Hotel in Hua Hin, Prachuap Khiri Khan on the 13th. Politicians attending the meeting included Ms. Paethongtarn Shinawatra, leader of the Thai Party and current Prime Minister, former Prime Minister Settha Thavisin, as well as core members of the Thai Party such as deputy prime ministers, ministers, parliamentarians and party members.
He pointed out that the most worrying issue currently is Trump's return. Thailand has a trade surplus with the United States, and the United States may take actions against Thailand, such as raising taxes on Thailand. In addition, Trump may also consider using Bitcoin to repay U.S. debt.
Former Thai Prime Minister: Bitcoin has become a global trend, and the government can pilot Bitcoin payments
"I am not saying this to ask everyone to buy Bitcoin, but this is the trend. There are already many cryptocurrencies, and some people think that the types of currencies will exceed the number of countries in the future. Now Thai people must understand and adapt to this. The Prime Minister may instruct the fiscal The Ministry of Finance is studying whether to accept Bitcoin payments. We can set up sandbox pilots in tourist areas such as Phuket or Hua Hin to allow people who hold Bitcoin to use it for consumption,” said Thaksin Shinawatra.
In addition to Bitcoin payments, he also suggested that the Prime Minister could instruct the Treasury to study the possibility of injecting stablecoins into the economy through the issuance of government bonds as collateral, rather than the traditional method of printing money. He also said that with this, the GDP growth rate next year is expected to reach 3.5%, and it is not a problem to reach 4% in 2026. This is because the current situation in Thailand is dominated by banks being risk-averse, resulting in insufficient lending in the economy. He believes that through this, the flow of funds in Thailand will be smoother.
Regarding the issue of the 15% value-added tax, he also believes that the government is a bit too hasty, or that the policy is incomplete.
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