THELOGICALINDIAN - Justin Sun believes that Bitcoin BTC and added cryptocurrencies accept the abeyant to actualize opportunities for the adolescent bearing of investors TRONs CEO additionally adumbrated that critics of Bitcoin and added cryptocurrencies were focused on the business ancillary of things rather than the added abstruse abstruse implications basic currencies accommodate aural the arising agenda economy
A Promising Future for Bitcoin and Cryptocurrencies
Speaking to CNBC on Wednesday (March 13, 2019), Sun weighed in on the approaching of Bitcoin (BTC) and cryptocurrencies in general. Commenting on the matter, Sun said he was optimistic about the approaching of basic currencies.
According to the TRON’s CEO, developments of layer-two protocols like the Lightning Network, as able-bodied as the contempo captivation of institutions like JPMorgan and Facebook in the industry, is apocalyptic of the growing account of basic assets.
Christopher Giancarlo, the arch of the United States Commodity Futures Trading Commission (CFTC) additionally echoed sentiments agnate to Sun’s. In a speech delivered on Thursday (March 14, 2019), the CFTC armchair declared cryptocurrencies and blockchain technology as massive drivers in the transformation of the modern-day advance market.
When apprenticed about criticisms from the brand of Warren Buffett about Bitcoin’s utility, Sun declared that cryptocurrencies are added of a technology than a business opportunity. Elaborating further, Sun opined that basic currencies present abundant opportunities for the adolescent bearing while declaring that Bitcoin and added cryptocurrencies are “the abutting beachcomber of the Internet.”
Focus Should be on Mass Adoption (Not Market Capitalization)
The TRON CEO additionally presented a case for a greater focus on accumulation adoption, rather than on metrics like bazaar capitalization. TRON is the 10th better cryptocurrency by bazaar cap — currently continuing at $1.5 billion. Rather than absorption on bazaar cap value, Sun instead says his focus is on the business development and abstruse aspects.
In the mid-2018, TRON acquired BitTorrent, the file-sharing platform. Sun accent that his aggregation is demography accomplish to accommodate cryptocurrency and blockchain technology into the BitTorrent network. By so doing, Sun believes that they can onboard the platform’s over 100 actor alive users beyond 138 countries assimilate a active decentralized belvedere for book sharing.
Apart from the advancing efforts with BitTorrent, the TRON CEO additionally thinks that projects like Facebook’s proposed cryptocurrency will agreement greater acceptance of basic assets on a all-around scale.
Do you accede with Sun’s accretion that Bitcoin and added cryptocurrencies accept a able future? Share your thoughts with us in the comments below!
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