Gate Founder Lin Han: FTX Explosion Becomes a Turning Point for Industry Security
Wu says exclusive interview: On December 16, Gate founder Lin Han stated in an interview with host Colin Wu that Gate was among the first to adopt Merkle trees to publish reserve proofs and open source in 2020, but at that time "almost no exchanges followed." It wasn't until the FTX explosion triggered a reversal that the entire industry began to pay attention, laying the foundation for industry security. He pointed out that an ideal PoR requires Merkle trees combined with zero-knowledge proofs, open source code,

MicroStrategy CEO: Bitcoin is like Apple and Netflix in the early days, the next great product
MicroStrategy CEO Phong Le reflected on his initial understanding of Bitcoin in early 2020 during an interview with What Bitcoin Did on November 28, 2025. He compared it to technological breakthroughs such as the early internet, the iPhone, and Netflix's DVD service. He emphasized that judging Bitcoin's future returns is not the key; more important is recognizing its fundamental logic as a "good product." Truly innovative products are often hard to value in the early stages, but their potential can b

MicroStrategy CEO: Bitcoin Will Average 21% Annual Growth Over the Next 21 Years
MicroStrategy CEO Phong Le discussed the potential performance of Bitcoin in the coming years during an interview with What Bitcoin Did on November 28, 2025, citing Michael Saylor's model—an average annual increase of 21% over the next 21 years—as a reasonable long-term expectation. He pointed out that as long as Bitcoin's long-term gains exceed the S&P 500's annualized 14%–15%, investors will benefit regardless of whether the annualized performance is 30%, 20%, or even 18%. Looking ahead to the next 4 to 5 years,