Regarding the news that "Bitmain starts to optimize its staff and streamline the organization to face Bitcoin halving," Dovey Wan, founding partner of Primitive Ventures, posted on Twitter, "Before Bitcoin halving, Bitmain will be before Lunar New Year. Further layoffs of half of employees. I think this may be the first 'halving' in 2020. For Chinese companies, it is often beautified as 'optimized staffing structure.' "