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Bitmain Co-Founder: The Crypto Market Will Grow To Tens Of Trillions Of Dollars
Summary: In an interview with Forbes, Bitmain co-founder, and billionaire Jihan Wu said that the crypto market will grow to tens of trillions of dollars. He believes that cryptocurrencies are inherently volatile, but in the long run, their growth will far exceed the price fluctuations: "Even if today 95% of tokens lose all their value and disappear, ...
In an interview with Forbes, Bitmain co-founder, and billionaire Jihan Wu said that the crypto market will grow to tens of trillions of dollars. He believes that cryptocurrencies are inherently volatile, but in the long run, their growth will far exceed the price fluctuations: "Even if today 95% of tokens lose all their value and disappear, the remaining 5% will grow substantially."
Although critics tend to view crypto as a fad, Wu Jihan stated that Satoshi Nakamoto's Bitcoin white paper has opened up "a new world full of opportunities", and the astonishing growth of the Decentralized Finance (DeFi) industry is awe-inspiring.
The crypto billionaire also asserted in the interview: "Ultimately, traditional financial institutions and regulatory agencies will adopt blockchain technology."
By Mary Liu
Tags: Bitmain,Crypto,Jihan Wu
Link: Bitmain Co-Founder: The Crypto Market Will Grow To Tens Of Trillions Of Dollars [Copy]
