Jihan Wu, co-founder of Bitmain: The crypto industry will be tens of trillions of dollars!
Jihan Wu, one of the well-identified names within the cryptocurrency universe and an eventful departure from the mining giant Bitmain, evaluated the industry and mentioned that 95 % of present cryptocurrencies will disappear in the future, but the last few cash will also enjoy critical rises. .
She left in an eventful way
Indicating that her optimism in this matter got here from her revel in, Wu, because it is known, is an individual who discovered Bitcoin within the early period and determined to start an initiative in this experience whilst she saw that it was used to buy pc equipment. name. Wu, who based Bitmain in 2013 with Micree Zhan, with whom they will nearly conflict after years, is one in all the names that contributed greatly to the company’s being the biggest mining software producer in the international today.
He has billion greenback corporations
Jihan Wu based two firms after leaving Bitmain. One is Bitdeer Applied Sciences, a cryptocurrency mining platform that may be preparing to be listed on Nadaq with a valuation of $FOUR billion, and the other is Matrixport, a $1 billion financial services and products company founded in 2019. the corporate had additionally gained an funding of $100 million in the summer.
“We imagine the trade will upward thrust to tens of trillions of greenbacks”
He realized that there has been an enormous bear marketplace whilst he based Matrixport with fellow co-founder John Ge Yuesheng. Stating that, Wu mentioned, “At that point, we based this company, considering that crypto money and blockchain generation may succeed in tens of trillions of greenbacks within the long run. We nonetheless imagine. Users who’re new to the trade this yr might be right here perpetually. Subsequently, they will need refined products with advanced technology to protect the belongings they’ve gathered in cryptocurrencies.” He said. Goldberg turned into an investor in Bitmain round 2017 and later joined Matrixport’s board of administrators.
Wu’s other company, Bitdeer, recently operates 5 swimming pools within the US and Norway with over ONE HUNDRED,000 mining units beneath its management a mining platform.