Tron CEO Justin Sun Tells CNBC He Trusts Blockchain is the “Next Wave of the Internet”
In a recent interview with CNBC, CEO of Tron, Justin Sun shared his “optimistic” point of view of where cryptocurrency is headed.
In particular, he made the case that the involvement of many traditionally accepted businesses such as JP Morgan and their endeavor in launching a stablecoin is evidence of the support both tokenization and blockchain technology has gained.
When asked how he felt in regard to the negativity surrounding cryptocurrencies and whether or not he viewed blockchain as simply a technology suitable for businesses, he replied:
“I think this [blockchain and crypto] is a good opportunity for the younger generations [and] second, I think bitcoin is a technology rather than a business opportunity because you can see the lightning network and […] the layers of solutions […] to the public chain.” He further noted that said technology is, “the next wave of the internet.”
In response to what Sun had to say, an interesting question came up. More specifically, he was asked what measures he has been taking in the presence of blockchain, along with the factors that assure the performance of blockchain in the long run. To the question regarding “assurance”, Sun trusts that mass adoption is key.
As for Tron’s current activities, the team has supposedly incorporated aspects of the crypto and blockchain worlds to that of BitTorrent. He further shared the statistics of usage, noting that Tron has “One million active users in over 138 countries.” Sun also seems to be convinced that Facebook’s endeavors can help contribute to mass adoption of blockchain technology.
Finally, Sun was questioned in relation to his reasoning behind why market capitalization should not be highly analyzed. To which he simply noted that it is just an aspect of the market, and that it shouldn’t be taken as the sole indicator.
“It’s [Valuation and Market Capitalization] is just the surface of the business. Primarily, I’m focusing more on the business development and technology and a lot of the exciting things going on [with] Tron right now.”
To watch the entire interview, go to: https://www.cnbc.com/video/2019/03/13/the-future-of-cryptocurrency-is-promising-tron-ceo.html