Jihan Wu, a digital currency entrepreneur, stated seven months ago at a conference that the crypto industry would surpass the internet. The following August, Wu’s Matrixport raised $100 millions and joined the growing number of unicorns in the crypto industry. Wu spoke out this week in an interview and said that he believes the crypto and blockchain industry will reach tens trillions of dollars.
Jihan Wu: “Crypto and Blockchain to Grow To Tens Of Trillions of Dollars” in the Future
Bitmain’s former CEO is no stranger to cryptocurrency. The pioneer in the field has been involved with the industry for more than a decade. Jihan Wu and Micree Zhan co-founded Bitmain Technologies Ltd. in 2013..
He is currently the CEO of Matrixport, a digital currency financial services startup which raised $100 millions in August. Wu believes in crypto and blockchain. In May, Wu spoke at Matrixport’s Second 421 Winter Festival and Mining Ecology Conference.
The blockchain industry offers the greatest opportunity and long-term bullishness. This industry could even surpass the Internet in terms of innovation.
The founders of Bitdeer Technologies and Matrixport are still optimistic about crypto and blockchain. Forbes Asia interviewed him this week in a Robert Olsen story. Wu is optimistic throughout the interview. He also remarked that his company believes that the industry will grow to tens or trillions of dollars in the future.
Wu explained that they believed crypto and blockchain would see rapid growth to the tune of tens or trillions of dollars in the future. “And many of these users will remain in the crypto market for ever, so they’ll require advanced and sophisticated products in order to manage the wealth that they have in crypto assets.”
Wu also highlighted his optimism when he stated:
Even if 95% today’s coins lose their entire value and disappear, the remaining 55% will continue to grow tremendously.
Bitmain’s Former Co-Founder, Micree Zhan, Talks Briefly about the Fallout with Micree Zhan. Bitmain continues its crypto path
Forbes Asia interviewed Wu about his disagreement with Micree Zhan, Bitmain’s co-founder. Wu made a deal to Zhan and stepped down from Bitmain. He also started Matrixport, Bitdeer and other businesses. Olsen said that it was Wu’s first opportunity to speak on the subject, but that a non-disclosure agreement prevents the digital currency entrepreneur limiting his ability to discuss specific issues.
“That was a difficult period for both our business and me. Wu explained that the pressures involved in running complex manufacturing businesses led to a disagreement between the cofounders.
Bitdeer has recently announced plans for a Nasdaq listing and Matrixport received funding, but Bitmain continues to move forward in the industry. Bitmain unveiled its most powerful bitcoin mining device at the World Digital Mining Summit Dubai. The Antminer S 19XP will haveh at speeds up to 140 Terahash per second, according to the announcement. Antpool, Bitmain’s bitcoin mining pool, is currently the third largest in terms of hashrate. It is below Foundry USA.
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Bitcoin mining, BitDeer Group, Bitmain Blockchain, Crypto, digital assets, Digital Currencies Foundry USA institutions Jihan Wu interview Matrixport Micree Zhan mining, nasdaq trillions of dollars
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Jamie Redman, a Florida-based financial journalist and news lead at Bitcoin.com News, is Jamie Redman. Redman has been active in the cryptocurrency community since 2011.. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. More than 5 ,000 articles have been written by Redman since September 2015, about disruptive protocols that are currently emerging.
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