What Exactly is Huobi?

What exactly is Huobi? How did it come about? In 2017, the founder of Bitcoin, Li Qiwei, tweeted that BTC would reach $100,000. But now, due to various reasons, he has started considering investments from other regions around the world. At that time, a large amount of funds left due to the pandemic, and Li Qiwei said “don’t believe it.” Therefore, he decided to temporarily suspend all trading operations and open a new account. “But this time is different.” Huobi explained, “Actually, it’s what many people are saying – we all know that people in the digital asset field are very smart and speculative. They have a significant influence on themselves, for example, many ordinary investors also participate and earn returns through constant innovation. But when you find that your money has been scammed, you will try every means to cash out and convert all your money into Bitcoin or other cryptocurrencies… So I think, if things continue like this, the industry will definitely be targeted by regulatory authorities.”