Wu Jihan made his first appearance in 2020 to talk about the trend of currency prices, Bitmain mining machines and BCH

How will the price of coins trend in 2020? How many years can the latest Bitmain S19 mining machine last? What is the future development of BCH?

On the evening of March 25, Bitmain Chairman and CEO Jihan Wu was interviewed by Litecoin Mining Pool and Zhikuang University, and expressed his views on these issues.

Optimistic about the price of coins in 2020

At the Frankfurt Conference hosted by Bitmain in 2019, Wu Jihan said that the bull market might not come when the halving occurs. In early 2020, Wu Jihan optimized the personnel of Bitmain due to the uncertainty of the halving market. The price of Bitcoin plummeted after the new year, which confirmed Wu Jihan's prediction to a certain extent.

In this interview, Wu Jihan expressed optimism about the price of Bitcoin in 2020. There are two reasons for this. First, based on the experience of China and neighboring countries, the new coronavirus can be eradicated in about two months. Second, countries around the world are currently adopting extremely quantitative easing monetary policies.

S19 can be mined for 3-4 years

On the 23rd, S19 was also sold out for the first time on Bitmain’s official website in just 2 minutes. According to Jiang Zhuoer, the founder of Litecoin Mining Pool, he has already ordered the latest S19 mining machine worth 21 million from Bitmain.

Wu Jihan believes that Bitmain has experienced ups and downs in technology research and development in the past. It does well when it is customer-centric, but tends to be arrogant and self-centered when it does not do well. "Once the arrogant factors were eliminated, it immediately took the lead again."

Wu Jihan believes that under a slow bull market, S19 can be mined for 3-4 years.

The BCH community should maintain unity

Recently, news came out that Tether will issue USDT on BCH through SLP, which is considered by all to be a milestone event for BCH.

Regarding BCH, Wu Jihan expressed the hope that BCH can do well in the present task, realize the functions on the technical roadmap, keep the technical architecture simple, and the community should try to maintain unity, avoid conflicts, and move forward together. The prospects are still good.

Matrixport's Mission

In early 2019, Wu Jihan and Ge Yuesheng founded Matrixport, a one-stop financial service institution that integrates trading, wealth management, lending, custody and other businesses.

Wu Jihan said that data shows that in the future the number of cryptocurrency users will grow from 50 million to 500 million. Users will have new demands and changes and need simpler, easier to understand and more convenient services. Now many functions in the cryptocurrency circle are more professional, and Matrixport will be more down-to-earth and closer to the needs of ordinary users.