Crypto market to grow by tens of trillions of dollars

Jihan Wu, one of the founders of Bitmain, expressed that the crypto market will grow by trillions of dollars despite the volatility that characterizes cryptocurrencies. “Even if 95% of today’s coins lose all their value and disappear, the remaining 5% will grow enormously,” he said.

Bitmain was founded by Jihan Wu and other partners in 2013 and by 2018 it was the world’s largest provider of cryptocurrency mining platforms, with a 75% market share.

The former CEO of Bitmain is quite optimistic about the future of cryptocurrencies and considers that both crypto and blockchain together “will experience rapid growth in the future to tens of trillions of dollars.”

Loyalty for crypto

According to Wu, loyalty to crypto will also increase because many current and new users will remain forever in the crypto market, requiring “advanced and sophisticated products to manage the wealth they accumulate in crypto assets”.

Cryptocurrencies, unlike the traditional financial system, are free and will continue to develop and innovate in the market because they have no restrictions. Wu pointed out.

Jihan Wu, once separated from Bitmain, focused on developing of the two companies he owns in Singapore. Bitdeer Technologies, a cryptocurrency mining platform, valued at 4,000 million dollars, which will be trading on the Nasdaq. Matrixport, which is a recently estimated $ 1 billion financial services company.

M. Rodríguez

Source: diariobitcoin.com