Cobo, a provider of digital asset custody solutions, and the co-founder and CEO of F2Pool, the world’s largest mining pool, shared his views on the Bitcoin halving, the future of mining, and his investment mindset and recommendations with the readers of Dong Qu.
In response to questions about the competition and elimination mechanism among Bitcoin mining companies, Cobo stated that there are three main types of companies in the Bitcoin mining industry, each with its own characteristics and strategies to cope with market challenges.
Regarding the upcoming Bitcoin halving, Cobo was asked about the impact on altcoin markets and the expected price increase. Cobo believes that the cryptocurrency market is currently in a positive stage and is optimistic about its future development.
Cobo also discussed the changing dynamics of the mining industry due to the increased demand for AI chips and advanced processes. He expressed his views on how these factors will affect the future of Bitcoin mining.
In terms of the Bitcoin ecosystem, Cobo noted the diverse range of developments, including Layer2, side chains, rollups, and NFTs, and the significant amount of capital being invested in these areas. He shared his perspective on the current state of the Bitcoin ecosystem.
When asked about the challenges he faces, Cobo acknowledged that the market is dynamic and complex. He advised continuous observation of market developments and recommended asset rebalancing and reallocation at certain stages to maintain a stable mindset and potentially increase absolute returns.
Regarding the entry of traditional banks and custodians into the cryptocurrency field, Cobo explained what it means for Cobo, a wallet custodian since 2017. He also discussed the contradiction between the decentralized ideology and the industry’s development.
Cobo revealed his investment mindset, including his focus on tracking trends and his recommended asset allocation strategy for investors with assets ranging from $10 million to $100 million.
Cobo commented on the perception and response of different generations of investors to market changes, particularly the rise of the younger generation, who are more sensitive and adaptable to market dynamics.
Lastly, Cobo discussed the impact of AI on the cryptocurrency industry and wallet custody. He also shared his views on the future of the cryptocurrency industry in the era of AI and the metaverse.
In conclusion, Cobo expressed his belief in the potential of the metaverse and the dominance of Web3 in the future.
Overall, the interview provided insights into Cobo’s perspectives on the Bitcoin halving, the mining industry, the Bitcoin ecosystem, and his investment mindset, offering valuable information for readers in the cryptocurrency market.