Bitcoin Bullrun does not come immediately after the Halving – Bitmain CEO

The recent Interview of the Bitmain co-founder Jihan Wu discussed some of his predictions on the future of Bitcoin, for Mining, for Halving and for the crypto-market in General. In spite of the Coronavirus outbreak, and its impact on the world economy, Wu is optimistic and believes that the loose monetary policy of modern Central banks, which infected the world, will strengthen the value of the financial technologies.

The co-founder of Bitmain, one of the largest ASIC manufacturers of mining equipment in the world, is of the view that crypto-currencies amidst the current economic storm will have a good Stand. According to a recently published Interview on Friday, Jihan had said Wu from Bitmain positive about the future of digital currencies like Bitcoin. Wu said that the recent bailouts and the Stimulus injections by the Central planners could make the digital currency more valuable. During the discussion, it Wu noted that the price of Bitcoin had reached a peak and the growth will temporarily slow down.

If the volume of the market of Bitcoin grows, the volatility, and is stable,

Wu explained. He continues to say (freely translated):

This means that we will experience no abrupt price increases. No matter how high the Bitcoin amount may rise, one day they will reach a maximum. Prior to that, the prices [with] a flat growth with some rotation will be in the next few years. I think that the COP isn’t going to come immediately after the halving. It will likely be a time delay. The Bullrun comes immediately after the halving of Bitcoin,

so Jihan Wu from Bitmain. In 46 days, on or about the 13. In may 2020, the BTC Blockchain is the next Bitcoin Halving. Many crypto-supporters believe that the Halving will increase the price of BTC either immediately before or after the event in the amount.

Wu stated that he believe that Bitcoin could act as a “safe haven in a volatile world”.

However, Bitcoin and financial markets, in my eyes, a bit like the relationship between a surfboard and a wave. are How well you can surf depends on the own skills,

noted Wu. In addition, discussed Wu on the recent round of new Mining equipment, the next Generation revealed Bitmain recently. Bitmain was on 27. February two Bitmain Miner with a power of up to 110TH/s per unit. The co-founder of the company believes that this miner plants of the next Generation will at least serve 3-4 years in the market.

The CEO of Bitmain also said that Bitcoin Cash (BCH) is a promising project, and he is of the opinion that “to put ambitious targets on the ice should be”. Regarding Ethereum (ETH), showed Wu is also positive, however, that the developers should focus on the technology and, in particular, scalability must bring. Only then Ethereum mass can be compatible.

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