Bitcoin

“Bitcoin is a Technology Rather than Business Opportunities” – Justin Sun

Despite the fact that cryptocurrencies are pretty much widespread now as more and more people are accepting their reality, some big businesses however still view cryptocurrencies and Bitcoin (BTC) specifically through a skeptical lens.

The famous Justin Sun, however is of the opinion that the criticism of Bitcoin by big businesses is misplaced. The CEO of the blockchain developer network TRON, shared his thoughts with CNBC in an interview on March 13.

Sun, who also happens to be the CEO of BitTorrent after the company bought the file sharing network back in June 2018, spoke on the general state of the cryptocurerncy market. While talking he brought up the topic of the current bear market and despite it all, he pointed out that the younger generation’s appeal towards cryptocurrencies remained unchanged. He further said,

Even if Warren Buffett, he dislikes Bitcoin, but still I think this is a very good opportunity for the younger generation

Yet the most interesting Sun shared during the interview was his categorization of Bitcoin; he said,

I think Bitcoin is a technology rather than business opportunities.

To support his statement he offered examples of Bitcoin scaling solutions, essentially the Lightening Network, as proof of the ability of the largest cryptocurrency to reshape the Internet evolution.

I think we are facing the next wave of the Internet

he summarized.

Sun’s statement comes as a warm welcome for the cryptocurrency as it had been subject to criticism from JPMorgan’s CEO Jamie Dimon in addition to Buffett and other big names of the industry.

Coming back to Sun’s interview, he didn’t deviate from Bitcoin to TRON (TRX) much, saying he was little involved in the market cap and price of the platform’s TRX token. At press time, TRX was the tenth-largest cryptocurrency with a market cap of around $1.52 billion.

For further updates, stay tuned to BlockPublisher.

Abeer Anwaar

Abeer holds a Bachelors degree in Media studies and covers blockchain startups for BlockPublisher. An optimist, excels in the art of the written word and swears by the joy of all things sweet. Contact the editor at editor.startups@blockpublisher.com

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