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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h230">‘I’m quite optimistic about the price’</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h370">Jihan Wu speaks about the crypto market in general</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    In a recent interview, the founder and former CEO of the <a rel="nofollow" target="_blank" href="u.today/ethereum-based-consensys-space-drops-asteroid-mining-for-tracking-satellites-via-dlt-app">mining&nbsp;heavyweight</a> Bitmain, Jihan Wu, expressed his opinion about the upcoming Bitcoin halving event and the crypto market overall.
    
    ‘I’m quite optimistic&nbsp;about the price’
    
    Even though the young crypto billionaire and entrepreneur did not name any particular cryptocurrencies, it was likely&nbsp;that when speaking about a halving, it was Bitcoin he kept in mind.
    
    <blockquote class="twitter-tweet">
    "I'm quite optimistic about the price."
    
    Jihan Wu of <a rel="nofollow" target="_blank" href="https://twitter.com/BITMAINtech?ref_src=twsrc%5Etfw">@BITMAINtech</a> makes a bold prediction about the price of cryptocurrencies in the coming years.
    
    What do you think? Do you share his optimism? <a rel="nofollow" target="_blank" href="https://t.co/0BBdPHJIPq">pic.twitter.com/0BBdPHJIPq</a>
    — Bitcoin.com Official (@BitcoinCom) <a rel="nofollow" target="_blank" href="https://twitter.com/BitcoinCom/status/1187353254398758915?ref_src=twsrc%5Etfw">October 24, 2019</a></blockquote>
    
    
    He stated that historically a halving would make the price surge and that we will see in 2020 whether it will work on not.
    
    <blockquote>
    “According to the historical experience, at the halving event the price will usually surge. But whether this is just coincidence or it will be happening again, we will see.”
    </blockquote>
    
    <blockquote>
    “But even if we don’t consider the halving, I think the crypto price will have quite good years in the coming 2 or 3 years.”
    </blockquote>
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Jihan Wu speaks about the crypto market in general
    
    As for the <a href="https://u.today/cryptocurrency-market-remains-flat-despite-bitcoin-etf-rejection-whats-next-for-top-coins">cryptocurrency market</a>, Wu stated that the cryptocurrency market is a highly cyclic one. This means that after the year of the bearish market that the world has had there should be two or three bullish years.
    
    <blockquote>
    “We will also see more retail users, institutional investors getting into the industry, so I’m quite optimistic about the price.”
    </blockquote>
    
    
    
    <em>Do you agree with Jihan Wu's forecast?&nbsp;Feel free to talk to us in the comments section below!</em>
    ') (Line: 1086)
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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h230">‘I’m quite optimistic about the price’</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h370">Jihan Wu speaks about the crypto market in general</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    In a recent interview, the founder and former CEO of the <a rel="nofollow" target="_blank" href="u.today/ethereum-based-consensys-space-drops-asteroid-mining-for-tracking-satellites-via-dlt-app">mining&nbsp;heavyweight</a> Bitmain, Jihan Wu, expressed his opinion about the upcoming Bitcoin halving event and the crypto market overall.
    
    ‘I’m quite optimistic&nbsp;about the price’
    
    Even though the young crypto billionaire and entrepreneur did not name any particular cryptocurrencies, it was likely&nbsp;that when speaking about a halving, it was Bitcoin he kept in mind.
    
    <blockquote class="twitter-tweet">
    "I'm quite optimistic about the price."
    
    Jihan Wu of <a rel="nofollow" target="_blank" href="https://twitter.com/BITMAINtech?ref_src=twsrc%5Etfw">@BITMAINtech</a> makes a bold prediction about the price of cryptocurrencies in the coming years.
    
    What do you think? Do you share his optimism? <a rel="nofollow" target="_blank" href="https://t.co/0BBdPHJIPq">pic.twitter.com/0BBdPHJIPq</a>
    — Bitcoin.com Official (@BitcoinCom) <a rel="nofollow" target="_blank" href="https://twitter.com/BitcoinCom/status/1187353254398758915?ref_src=twsrc%5Etfw">October 24, 2019</a></blockquote>
    
    
    He stated that historically a halving would make the price surge and that we will see in 2020 whether it will work on not.
    
    <blockquote>
    “According to the historical experience, at the halving event the price will usually surge. But whether this is just coincidence or it will be happening again, we will see.”
    </blockquote>
    
    <blockquote>
    “But even if we don’t consider the halving, I think the crypto price will have quite good years in the coming 2 or 3 years.”
    </blockquote>
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Jihan Wu speaks about the crypto market in general
    
    As for the <a href="https://u.today/cryptocurrency-market-remains-flat-despite-bitcoin-etf-rejection-whats-next-for-top-coins">cryptocurrency market</a>, Wu stated that the cryptocurrency market is a highly cyclic one. This means that after the year of the bearish market that the world has had there should be two or three bullish years.
    
    <blockquote>
    “We will also see more retail users, institutional investors getting into the industry, so I’m quite optimistic about the price.”
    </blockquote>
    
    
    
    <em>Do you agree with Jihan Wu's forecast?&nbsp;Feel free to talk to us in the comments section below!</em>
    ') (Line: 1086)
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Bitmain Co-Founder Jihan Wu on Bitcoin and Crypto: ‘I’m Quite Optimistic about the Price’

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Thu, 24/10/2019 - 14:13
Bitmain Co-Founder Jihan Wu on Bitcoin and Crypto: ‘I’m Quite Optimistic about the Price’
Cover image via www.forbes.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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Contents
Advertisement

In a recent interview, the founder and former CEO of the mining heavyweight Bitmain, Jihan Wu, expressed his opinion about the upcoming Bitcoin halving event and the crypto market overall.

‘I’m quite optimistic about the price’

Even though the young crypto billionaire and entrepreneur did not name any particular cryptocurrencies, it was likely that when speaking about a halving, it was Bitcoin he kept in mind.

He stated that historically a halving would make the price surge and that we will see in 2020 whether it will work on not.

“According to the historical experience, at the halving event the price will usually surge. But whether this is just coincidence or it will be happening again, we will see.”

“But even if we don’t consider the halving, I think the crypto price will have quite good years in the coming 2 or 3 years.”

card

Jihan Wu speaks about the crypto market in general

As for the cryptocurrency market, Wu stated that the cryptocurrency market is a highly cyclic one. This means that after the year of the bearish market that the world has had there should be two or three bullish years.

“We will also see more retail users, institutional investors getting into the industry, so I’m quite optimistic about the price.”

Do you agree with Jihan Wu's forecast? Feel free to talk to us in the comments section below!

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