OKX founder plans to launch secret Bitcoin business in Feb, predicts the industry will grow 100X
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Star Xu, the founder of crypto exchange OKX, has teased the upcoming launch of a secret Bitcoin-focused business, set to debut in February. Speaking at the “OKX New Year’s Dinner” in Da Nang, Xu shared limited details about the venture, describing it as a significant step toward driving industry innovation and accelerating mass adoption of cryptocurrencies. As revealed by Chinese correspondent Colin Wu, the specifics of the project remains under wraps, as the product is still undergoing refinement. “We aim to contribute to industry innovation and accelerate mass adoption,” the OKX founder and CEO said, adding, “I’ll keep it a secret for now.” OKX CEO outlines vision for growth During the dinner event, the founder repeatedly mentioned three words, meant to echo the company’s focus in 2025: compliance, Bitcoin, wallets, OKB (OKX’s utility token), and innovation. He reflected on the evolution of Bitcoin, recounting how initial skeptics dismissed it as overpriced at $10, only to later see it as an undervalued asset. “When BTC started at $10, many friends I know used to think that BTC was too expensive, but later they thought that BTC was too cheap… I believe similar situations will be repeated many times in the future,” Xu noted. #OKX年夜饭 正式开幕！@star_okx 表示加密行业是一个周期驱动，得到全球监管支持的朝气蓬勃的领域 Crypto和AI将成为未来全球十年商业技术发展最好的两个行业 pic.twitter.com/19Ztu3vxEQ — OKX中文 (@okxchinese) January 14, 2025 “The scale of the entire crypto industry will grow by 100x,” he predicted. Xu also drew a comparison between Bitcoin’s current market value, saying it was roughly one-tenth that of gold. However, owing to the success spot BTC exchange-traded funds (ETFs) have had over gold ETFs, the CEO believes the largest crypto will eclipse gold in the near future. Commitment to neutrality and quality The founder also shed light on OKX’s neutral stance in the industry, reaffirming that the platform does not create its own tokens beyond…
Filed under: News - @ January 14, 2025 10:21 am