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

13 Mar, 2019 | Updated: 13 Mar, 2019
by Richard Allen
Opinion
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

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Agree with Justin Sun especially after announcement of Tron and Tether collaboration.
14 Mar, 2019 - 08:39
this project of TRON and tether is looking very promising. i think a lot of traders would be interested in buying this new token
14 Mar, 2019 - 09:32
Justin Sun knows about what he's talking about and recent Tron-Tether collaboration proves this.
14 Mar, 2019 - 23:11

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