The future of the crypto industry is "very promising" says Justin Sun

13 Mar, 2019 | Updated: 13 Mar, 2019
by Richard Allen
The future of the crypto industry is very promising says Justin Sun

Founder of the TRON Foundation, Justin Sun recently sat down with CNBC to discuss his opinions on the future of the crypto space.

When asked about his opinion on the future of Bitcoin and the cryptocurrency market in general, Sun stated that he is “very optimistic.” He cites the development of the Lightning Network as well as corporate giants like Facebook and JPMorgan launching their own currencies as signs that the crypto market is heading in the right direction. “Everything is very promising right now,” he says.

Sun was then asked whether he believes Bitcoin will be seen more like a business idea than an investment opportunity. Sun responds by saying that Bitcoin is neither, instead it’s a new form of technology. He explains how the Lightning Network and other Layer 2 solutions are steering us towards “the next wave of the Internet.”

Read more: Justin Sun talks about benefits of USDT-TRON stable coin in latest video

Sun was also asked about a previous statement he made where he said he isn’t particularly concerned with TRON’s market cap. Going into some more detail during the interview, Sun stated the “the valuation and the market cap are just the surface of the business,” adding that he’s more concerned with developing his business and the technology behind it.

At the time of writing, TRX is down 0.69% trading at $0.022 with a total market cap of $1.48 billion.

WATCH: $19 BILLION! The REAL reason Facebook is creating a cryptocurrency!

Read more: Justin Sun announces $20 million cash airdrop and Tesla giveaway

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Chepicap is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network tool!


Read more: How to tip and receive Bitcoin via the Lightning Network with


Are you a Tron supporter?

(113 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage