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MARA CEO Says Bitcoin's Payments Use Case Has 'Seen Its Day Go By' As Miners Chase AI Money
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MARA CEO Fred Thiel said Bitcoin's payments use case has passed its peak.
Thiel stated stablecoins will take over commercial crypto transactions.
He warned Bitcoin's transaction fees are not replacing block subsidy as intended.
Miners are shifting focus to AI-related revenue instead of Bitcoin transactions.
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Rajeev Chandrasekhar / Jupiter Capital interests historically