Did you know...

Jihan Wu

Started his career as a financial analyst and a private equity fund manager?

Jihan has a degree in economics and psychology from Peking University in China.​

He's the first person to translate Satoshi Nakamoto's whitepaper into Chinese.

Jihan first discovered bitcoin in 2011 and became an immediate supporter.

"...when Bitcoin was invented, it only mattered how many people recognized Bitcoin as money. … people can live very far from each other, and you can find other people who accept the same idea and form consensus and an economy on the Internet. I think that’s a very fundamental catalyst for Bitcoin’s success," Wu says to fortune.com​

At the same time he founded 8btc.com, one of the most popular bitcoin news sites in China. ​

His first bitcoin investment was to a startup bitcoin mining hardware company called Kao Mao. ​

In the beginning it was successful, but due to technical problems, he lost the company. ​

Jihan moved forward to build Bitmain with tech expert, Micree Zhan. ​

China's largest cryptocurrency mining-chip company with a revenue of $2.5 billion in 2017.​

And owns the two largest bitcoin mining pools in the world, Antpool and BTC.com.​

Despite leading the company to great heights in just a short time, ​

Jihan's leadership was not without discrepancies and controversies. ​

He is a vocal supporter of Bitcoin Unlimited but had received quite a lot of criticism and resistance from bitcoin enthusiasts. ​

His unconventional business decisions also raised a lot of eyebrows. ​

In 2017 when cryptocurrencies soared, Jihan went bullish and invested quite an amount on Bitcoin Cash. ​

Positive that the market will continue to rise towards 2018. ​

But on the contrary, the digital currency market tanked. ​

Then in late 2018, there were discrepancies in their IPO documents.​

In the pre-IPO funding round, Bitmain's net profit was recorded as $1 billion.​

However, in their prospectus for IPO, the net profit declared was only $700 million. ​

Because of his impulsive business practices and causing bad reputation to Bitmain, ​ Jihan was demoted from director to supervisor.​

He was stripped of his voting and decision-making rights. ​

However, despite the demotion, he still owns 20% stake of the bitcoin mining company. ​

After the Bitmain fall out, he was rumored to be backing a startup crypto exchange based in Singapore called Matrixport. ​

According to Forbes, the former Bitmain CEO has a net worth of $1.5 billion. ​

*******************
🔗 LINKS:
More about crypto mining here: [ Ссылка ]
For bitcoin and crypto news check out (in Chinese): [ Ссылка ]
Read on about Bitcoin Unlimited: [ Ссылка ] , [ Ссылка ] , [ Ссылка ]
Buy/Trade Bitcoin Cash: [ Ссылка ] , [ Ссылка ]

🎵 Music: Success by Mixaund | [ Ссылка ]
Music promoted by [ Ссылка ]

📲 Follow us on SOCIAL:
Twitter: [ Ссылка ]_
Medium: [ Ссылка ]_
Mix: [ Ссылка ]_
Reddit: [ Ссылка ]_

*******************

ABOUT CRYPTO STUDIO
Crypto Studio is where you'll find the unknown stories behind some of the most recognized blockchain entrepreneurs and those whom have brought the attention of cryptocurrency to the world.

📩 Email us at: cryptostudio100@gmail.com

DON'T MISS OUT, for more videos like these, SUBSCRIBE --- [ Ссылка ]

свернуть