Thailand has always been relatively friendly financially to the lower end of the income range.
Most people pay no taxes (companies are an exception). It is a cash based economy, very few people use or accept credit there.
However with the new king taking the reigns, their government has been taking steps to extort the people by performing an audit of savings in bank accounts and looking to levy a tax on individuals with savings.
They have also increased a lot of consumption taxes on retail items so overall the cost to visit has risen.
I think a lot of it has to do with Public Enemy #1 (The US Dollar) and over borrowing from the criminal banking cabal.
I'm not sure that the Thai people will stand for this, but if they do not rise up to fight this criminal extortion by government (mafia), then Bitcoin and cryptos offer a safe haven for the people to store their wealth without fear of government confiscation.