Jihan Wu, a co-founder of crypto mining machine maker Bitmain, said that retail crypto investors will soon disappear in China at “The Best Business Show” streamed on Youtube on Sept. 28. “They will all retreat from crypto, and only those high net-worth Chinese families will stay in crypto,” Wu told the host Anthony Pompliano. Bitmain plans to move most of its production out of China in response to the country’s latest crypto crackdown. [AMBCrypto]
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