Justin Sun, one of the enthralling figures in the crypto-mania and the CEO of Tron, the 10th largest cryptocurrency in the world at the moment, has enforced his opinion that cryptocurrency and blockchain are the technologies that future generations are going to own.
In his recent interview with the leading American news channel CNBC on March 13, Justin Sun, talked about the blockchain technology, cryptocurrency and Bitcoin (the mother of all cryptocurrencies) saying that despite the certitude that big guns of the investment industry like Warren Buffet and Howard Marks are in the critics of Bitcoin, he’d opined that “cryptocurrencies are more of a technology than a business opportunity”.
During the discussion, while talking about the current situation of the market (which is not that great due to the longest bearish trend recorded so far), Sun noted he is the firm believer of the fact that younger generation’s interest about cryptocurrencies has remained unaffected.
In support of his statement he mentioned about the Bitcoin’s scaling solutions, most importantly the Lightning Network, which makes the cryptocurrency more than able to formulate the internet evolution. In his words:
“A lot of people believe in the functionalities of cryptocurrencies with the main examples being Jack Dorsey and Elon Musk. It is a good opportunity for younger generations to get into the field especially at a time when the Lightning Network and other such Layer 2 technologies are becoming popular. We are facing the next wave of the internet.”
During the interview, while speaking about the concern of increasing blockchain technology mass adoption he grabbed the opportunity to flaunt about some of his projects where his team is focusing on the integration of the cryptocurrency and blockchain on its file-sharing network BitTorrent, which the foundation acquired last year.
Tron CEO said,
“I think, basically, right now the biggest opportunity is the mass adoption. For example […] the cryptocurrency we are introducing into the BitTorrent network, one of the largest file transferring networks in the world. We have over 100 million monthly active users in over 138 countries. I think lots of companies like Facebook will also bring a lot of people to the industry as well.”
When asked about why he’s been seen on multiple occasions commenting that he does not really care about the market price or the market cap of the token his foundation holds, Mr. Sun’s answer was much of a modest one.
He expressed his priorities about the company that is to focus more on the technology and business development side first and then comes the valuation aspect – which according to him is merely the business surface.
Justin Sun believes,
“Basically valuation and the market cap is just the surface of the business. The main focus of the Tron Foundation is business, technology and the exciting things on the Tron network right now.”
At the time of press, Tron stands at the 10th spot in the market with a market capitalization of around $1.51 billion.
Image courtesy of Pixabay.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.