Original title: Wu Jihan: retail investors in China's cryptocurrency will soon disappear.
Reporter | Si Linwei
Wu Jihan, chairman of Bit Little Deer and co-founder of Bitterland, commented on cryptocurrency during a talk show called "The Best Business Show" on youtube on Sept. 28.
Reviewing his experience from participating in the Bitcoin community to founding Bitland and leaving, Wu said he had learned a lot from semiconductor technology to industrial manufacturing, team management and marketing.
"I think regulation is an inevitable problem in the field of cryptocurrency." In response to the host's regulatory questions, Wu Jihan said that the United States is also a country with extremely strict regulation of encrypted currencies.
Referring to recent regulatory policies, Wu Jihan said he understood why the government did not like virtual currencies led by bitcoin. "I think this is understandable because China is a very large country with a population of 1.4 billion. The situation here is really complicated. "
"in fact, the government has given the cryptocurrency room to grow freely for nearly a decade, but now they have made a decision on the cryptocurrency." Wu Jihan added.
Wu Jihan predicted the market impact caused by regulation. "Chinese retail investors will disappear in a very short time, they will all withdraw from the cryptocurrency, and only those high net worth Chinese families will stay in the cryptocurrency," he said. "
But when it comes to the future of cryptocurrencies and blockchains, he is optimistic. "overall, cryptocurrency is exciting and the ecosystems it creates are constantly changing the world."