Jihan Wu, the billionaire co-founder of Bitmain, one of the first companies that come to mind when it comes to Bitcoin mining, talked about crypto money markets in an interview with Forbes.
Wu, who resigned from his position at Bitmain after internal conflicts in July, said that Bitmain’s financial situation is “good” despite this.
Expressing that the malicious comments of those who see cryptocurrencies as a speculative game should not be heeded, Wu said that this technology promises a lot.
“Satoshi Nakamoto’s Bitcoin whitepaper is a gateway to a world of new opportunities.”
Wu described the tremendous rise of decentralized finance over the past two years as “breathtaking”.
Noting the increasing adoption of cryptocurrencies, the famous billionaire stated that traditional financial institutions will also adopt this technology.
Expressing that he maintains the growth expectations in the crypto market, Wu said that the ecosystem reaching tens of trillions of dollars would not surprise him.
Crypto money markets, which reached 3 trillion dollars after the rally in November, decreased to 2.2 trillion dollars with the last correction. Cryptocurrency markets reaching the top ten trillion means a 4x rise for Bitcoin with the same dominance rate.
Michael Saylor also recently predicted that the Bitcoin price could reach $600,000.
It is worth remembering that such expectations are targets for the future of the sector and for the future.
*Not Investment Advice.