Fan Xiaojun of Bitmain: Bitcoin is expected to rise in the long term, newcomers can enter the market at any time, and it is never too late to mine

On February 19, Fan Xiaojun, head of Antminer Asia Pacific sales, attended the Antminer live broadcast "Halving X Bull Market X Dark Horse" and expressed the following views on the halving situation:

This epidemic has had a significant impact on many industries, but the impact on miners is relatively small, because as long as the mining machines are running, the income is stable.

With the explosion of the 5G industry, there are not many chips left for the virtual currency industry. Coupled with the impact of the epidemic, the production capacity in 2020 will be very limited (Bitmain’s production capacity before March has been sold out, and it has started selling April’s production capacity). For the current hot staking mining, in essence, it sacrifices the liquidity of the currency in exchange for a certain amount of currency holding income. I personally recommend considering a certain proportion of warehouse division.

In addition, Fan Xiaojun also said: Bitcoin is bullish in the long term, and it is recommended that everyone hold on to the coins and mining machines. Buying a mining machine is equivalent to buying future Bitcoin at a low price. Newcomers can enter the market at any time, and it is never too late to mine.