Wu Jihan: Negative attitude towards halving the price of the currency, but positive attitude towards the long-term trend of Bitcoin

On October 9th, at the 2nd Global Digital Mining Summit held at the Bittland in Frankfurt, Germany, during the roundtable discussion entitled “How to Treat the Bitcoin Mining Income Halved”, Bit Continental Co-founder Wu Jihan said The cryptocurrency itself has periodicity, like the halving of Litecoin, but the halving of Bitcoin may be different from the halving of Litecoin. Every time the BTC's bear market and bull market are lengthening, it is possible that the bull market will not come when this halving. I think there is still a lot of uncertainty about the future halving effect. Wu Jihan believes that it is a good time to invest in mining. If I am a miner, I will not stop mining and will continue to invest in mining equipment. Wu Jihan said that we are currently in a short-term currency correction. It is very important to have a long-term perspective. I am negative about the halving of the price, but I am positive about the long-term currency movement of Bitcoin. If the price of the currency remains unchanged after halving, the efficiency of the existing equipment must be increased, and there must be a trade-off between efficiency and power.