Odaily Planet Daily reports that Wang Chun, co-founder of F2Pool, responded to recent fluctuations in the crypto market cycle on the X platform. He stated that Ethereum once dropped to $1,386 in April 2025, but rebounded to $4,956 just four months later. He emphasized that the market is cyclical and investors should not be swayed by short-term panic.
Previously, Wang Chun also pointed out that the proof-of-work (PoW) mechanism is Bitcoin’s “constitution.” Respect for the mining process and the core role of miners in Bitcoin network governance is essential. Without miner support, SegWit activation would be difficult, and the Lightning Network would be hard to implement. Miners are a vital force in maintaining Bitcoin’s security and stability, having played key roles in multiple controversies, including the hash power battles around Bitmain, the fork stance related to Roger Ver, the Satoshi Nakamoto identity dispute sparked by Craig Wright, and the BIP-110 proposal, which some community members viewed as a farce.
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