In fact, this piece of history is very old. Wu Jihan was once the person with the best chance to overthrow BTC, controlling over 50% of the hash rate at the peak. Back then, due to network congestion and high transaction fees, two factions emerged, each with different opinions. Wu Jihan advocated for forking BCH, leading to a hash rate battle. Bitmain directly shifted from BTC to BCH. This move caused BTC's hash rate to plummet, and BTC's price also crashed. Of course, the fact proved that no one could overthrow BTC.
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In fact, this piece of history is very old. Wu Jihan was once the person with the best chance to overthrow BTC, controlling over 50% of the hash rate at the peak. Back then, due to network congestion and high transaction fees, two factions emerged, each with different opinions. Wu Jihan advocated for forking BCH, leading to a hash rate battle. Bitmain directly shifted from BTC to BCH. This move caused BTC's hash rate to plummet, and BTC's price also crashed. Of course, the fact proved that no one could overthrow BTC.