Saturday, February 4, 2023
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Bitcoin

Matrixport Founder Jihan Wu Believes Crypto Space Will Swell to ‘Tens of Trillions of Dollars’ – Featured Bitcoin News

by Crypto News
December 25, 2021
in Bitcoin
0
Matrixport Founder Jihan Wu Believes Crypto Space Will Swell to ‘Tens of Trillions of Dollars’ – Featured Bitcoin News
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

January 3, 2022
Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

January 3, 2022


Matrixport Founder Jihan Wu Believes Crypto Space Will Swell to 'Tens of Trillions of Dollars'

Seven months in the past, throughout the first week of Could, the digital forex entrepreneur Jihan Wu mentioned at a convention that he expects the crypto trade to surpass the web and the next August, Wu’s agency Matrixport raised $100 million and joined the crypto trade’s rising record of unicorns. This week an interview with Wu was printed and the billionaire mentioned that he believes crypto and blockchain house will develop to tens of trillions of {dollars} in worth.

Jihan Wu: ‘Crypto and Blockchain to Develop to Tens of Trillions of {Dollars}’ within the Future

The previous CEO of Bitmain is not any stranger to the world of cryptocurrencies because the pioneer has been concerned within the trade for effectively over a decade. Jihan Wu co-founded the privately-owned firm Bitmain Applied sciences Ltd., with Micree Zhan in 2013.

In latest instances, he leads the digital forex monetary companies firm Matrixport, a startup that raised $100 million in August. Wu is an enormous believer in crypto and blockchain and in Could, Wu spoke on the Second 421 Moist Season Competition and Mining Ecology Convention and said:

In the long term, the blockchain trade is bullish and is the largest alternative. The improvements on this trade might even surpass the Web itself.

The Matrixport and Bitdeer Technologies founder continues to be bullish about blockchain and crypto and this week he was interviewed by Forbes Asia in a narrative printed by writer Robert Olsen. Wu’s optimism is proven all through the interview and remarked that his agency believes the trade will swell to tens of trillions sooner or later.

“We believed that crypto and blockchain collectively would expertise speedy progress sooner or later to tens of trillions of {dollars},” Wu elaborated throughout the interview. “And lots of of those new customers will keep within the crypto market ceaselessly, so that they’ll want superior and complicated merchandise to handle the wealth they accumulate in crypto property.”

Moreover, Wu highlighted his optimism extra so when he mentioned:

Even when 95% of at present’s cash lose all their worth and disappear, the remaining 5% will develop massively.

Former Bitmain Co-Founder Briefly Speaks on Fall Out With Micree Zhan, Bitmain Continues Its Crypto Path

Within the interview with Forbes Asia Wu spoke briefly about his falling out with the Bitmain co-founder Micree Zhan. Wu reached a take care of Zhan, stepped away from Bitmain and began Matrixport and Bitdeer. In response to Olsen, it was the primary time Wu may communicate concerning the challenge however a nondisclosure settlement stops the digital forex entrepreneur from talking on particular issues.

“That was a troublesome interval for our enterprise and for me. And naturally, the pressures of operating a posh manufacturing enterprise constructed up and ultimately led to a falling out between us two cofounders,” Wu defined within the Forbes Asia interview.

Whereas Bitdeer just lately introduced plans to record on the Nasdaq and the funding Matrixport just lately acquired, Bitmain continues to be shifting ahead within the trade. On the World Digital Mining Summit in Dubai, Bitmain revealed the corporate’s strongest bitcoin mining gadget thus far. In response to the announcement the Antminer S19 XP will hash at speeds of as much as 140 terahash per second (TH/s). Bitmain’s mining pool, Antpool can be the third-largest bitcoin miner at present when it comes to hashrate, under Foundry USA.

Tags on this story
Bitcoin mining, BitDeer, Bitdeer Group, Bitmain, Blockchain, Crypto, crypto assets, Digital Currencies, Foundry USA, institutions, Internet, Jihan Wu, Jihan Wu interview, Matrixport, Micree Zhan, mining, nasdaq, trillions of dollars

What do you concentrate on Jihan Wu saying that he believes crypto and blockchain will swell to tens of trillions of {dollars} in worth? Tell us what you concentrate on this topic within the feedback part under.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information concerning the disruptive protocols rising at present.




Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any harm or loss brought about or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

Extra Standard Information

In Case You Missed It





Source link

Share76Tweet47

Related Posts

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

by Crypto News
January 3, 2022
0

13 years in the past at the moment, bitcoin formally launched after what's often known as the Genesis Block...

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

by Crypto News
January 3, 2022
0

Textual content dimension Bitcoin's latest tumble might need brought on a rise in buying and selling quantity for Coinbase....

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

by Crypto News
January 3, 2022
0

Key details: La Pampa will cost Gross Earnings to all industrial actions with digital currencies. As in different provinces,...

I bought Bitcoin from PayPal. Here’s what happened

I bought Bitcoin from PayPal. Here’s what happened

by Crypto News
January 3, 2022
0

There isn't a doubt that cryptocurrency has traction within the monetary world. As of the second I am penning...

Multisig Setup Saves Bitcoin Stack from Home Burglary

Proof Of Keys Day And Quantum Computing

by Crypto News
January 3, 2022
0

When Satoshi Nakamoto mined the genesis block 13 years in the past right now, giving rise to the Bitcoin...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

Pro-Crypto Candidates Seek an Easier Way to Accept Bitcoin, Altcoins

October 22, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
Bitcoin set for a major move –  Altcoin action incoming FOLLOW OUR LIVE SHOWS

Bitcoin set for a major move – Altcoin action incoming FOLLOW OUR LIVE SHOWS

February 4, 2023
AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

February 3, 2023
Live Crypto Profit🤑😍 Bitcoin short 🔽 #cryptocurrency #tradingstrategy #crypto #finance

Live Crypto Profit🤑😍 Bitcoin short 🔽 #cryptocurrency #tradingstrategy #crypto #finance

February 3, 2023
CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

CARDANO PRICE DROPS, XRP GLOBAL EXPANSION

February 3, 2023

Recent News

Bitcoin set for a major move –  Altcoin action incoming FOLLOW OUR LIVE SHOWS

Bitcoin set for a major move – Altcoin action incoming FOLLOW OUR LIVE SHOWS

February 4, 2023
AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

AO VIVO AGORA: Análise Fechamento criptomoedas Bitcoin hoje (BTC), Ethereum hoje (ETH) Cardano (ADA)

February 3, 2023

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News