Jihan Wu: The future of cryptocurrency is several trillion dollars

Seven months ago, digital currency expert Jihan Wu said at a conference that he expected the crypto industry to overtake the internet by August next year. This week, Wu stated in an interview that the crypto and blockchain space will grow to tens of trillion dollars.

Jihan Wu Ten trillion in the future

The former Bitmain CEO is no stranger to the crypto world, having been an industry pioneer for over a decade. In 2013, Wu founded the private company Bitmain Technologies Ltd. together with Micree Zhan.

Most recently, he heads the digital currency financial services company Matrixport, a startup that raised $ 100 million in August. Wu is a big believer in cryptocurrency and blockchain. , he spoke at the second 421 Wet Season Festival and Mining Ecology Conference in May:

“In the long run, the blockchain industry is extremely optimistic and this is the greatest opportunity. Industry innovations could even surpass the Internet. “

The founder of Matrixport and Bitdeer Technologies remains optimistic about blockchain and crypto. In the interview, Wu expressed his optimism and confidence that the industry will be heading towards tens of trillion dollars in the future.

“We believe that the combination of cryptocurrency and blockchain can grow rapidly in the future and reach several trillion dollars. And many new users will stay in the crypto market forever, so they will need more advanced and mature products to manage the wealth they have accumulated. “

In addition, Wu is extremely optimistic, claiming that:

“Even if 95% of today’s coins are worthless and disappear, the remaining 5% will continue to grow massively.”

Wu is leaving Bitmain

In his interview with Forbes Asia, Wu spoke briefly about his relationship with Bitmain co-founder Micree Zhan. Wu made a deal with Zhan, left Bitmain, and started startups with Matrixport and Bitdeer. This is the first time Wu has spoken on the matter, but he is unable to provide details as some issues cannot be disclosed.

“It was a difficult time for our business and for me. Of course, the pressures to run a complex manufacturing business built long ago and eventually created a rift between the two co-founders. “

Bitmain is still growing in the industry. At the World Digital Mining Summit in Dubai, Bitmain unveiled the most powerful Bitcoin miner of all time. According to the announcement, Antminer S19 XP has a hashrate of up to 140 TH / s. Bitmain’s mining pool Antpool is now the third largest Bitcoin miner after Foundry USA in terms of hashrate as well.

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