BitDeer CEO Meng Xiaoni: Cloud mining faces the incremental market, and millennials will be the mainstream

On June 1, the 2020 Mining Network Digital Mining Summit, co-organized by Mining Network, Bitmain, Antminer, Ant Pool, BTC.COM, and BitDeer, was held in Chengdu. Mars Finance followed up the report as a strategic media.

Mars Finance interviewed Meng Xiaoni, CEO of BitDeer, about the entry threshold of cloud mining and the current market competition. She said that more and more institutions are planning cloud mining, which does not mean that the threshold of this track is lowering, but that more and more institutions are interested in and joining this field, which is a positive market performance. This trend has continued from 2019 to the present.

In her opinion, despite the many black swan events in the global financial market in 2020, the blockchain and cryptocurrency markets have become more mature and attracted the attention of more traditional institutions. However, the threshold of the mining industry has always been very high. The so-called low threshold is for users. The physical assets and professionalism behind it still have very high thresholds.

As for cloud mining, Meng Xiaoni believes that its product form is to simplify the complex links behind it for the user side, attracting more people to join, which is a development of the incremental market.

Who are the main players in the incremental market? Meng Xiaoni bluntly said that it is the millennials: they are the mainstream force of the global economy, and their interest in the crypto industry is rising year by year. They hope to have more efficient, safe, and low-threshold entry channels; cloud mining happens to be such a channel, so cloud mining platforms represented by BitDeer allow more ordinary users to participate in it and enjoy mining dividends, facing a wider incremental market.