TechFlow news — Anthony Pompliano interviewed Wu Jihan, former co-founder of Bitmain. Regarding the latest policy ban, Wu stated, "I think it's understandable because China is a very large country with 1.4 billion people, and the situation there is really complicated." Wu added that the United States is also a "powerful" government when it comes to studying cryptocurrencies and their regulation. On the topic of miners, entrepreneurs, and crypto traders leaving China, Wu pointed out that even within China, there remains a group of people who may stay in the crypto space. He said, "In a very short time, Chinese retail investors will disappear... they will all withdraw from cryptocurrency, only those high-net-worth Chinese families will remain in crypto."
Wu expressed optimism about the future, believing that "but after this brief downturn, we will see the next stage of growth."
