Opinion: Bitcoin mining chips and hardware market to reach $20 billion in the next five years

Bernstein analysts said that the market space for Bitcoin mining chips and hardware will reach 20 billion US dollars in the next five years. The report pointed out that the Bitcoin mining hardware market has always been dominated by Chinese companies such as Bitmain, with a market share of over 80%. However, the new chips launched by Block and Auradine in the United States indicate opportunities for diversified supply chains, competition in advanced chip design, and opportunities to obtain global manufacturing capabilities.