Criticism of Bitcoin (BTC) by big business is misplaced, blockchain developer network TRON’s CEO Justin Sun told CNBC in an interview on March 13.

Speaking to the network about the general state of the cryptocurrency markets, Sun, who is also CEO of BitTorrent after the company bought the file sharing network in June 2018, said their appeal to the younger generation remained unchanged by the current bear market.

“Even if Warren Buffett, he dislikes Bitcoin, but still I think this is a very good opportunity for the younger generation,” he said. Sun added:

“I think Bitcoin is a technology rather than business opportunities.”

Sun offered examples of Bitcoin scaling solutions, principally the Lightning Network, as proof of largest cryptocurrency’s ability to reshape internet evolution.

“I think we are facing the next wave of the internet,” he summarized.

As Cointelegraph reported, previously vocal opponents of Bitcoin, notably JPMorgan CEO Jamie Dimon in addition to Buffett, have appeared to grow weary of lambasting the crypto in recent times.

Last month, JPMorgan caused a stir when it unveiled a form of an in-house digital token it dubbed JPM Coin for various interbank procedures.

Sun meanwhile only briefly strayed from Bitcoin commentary to TRON, 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.

Related Articles:

  • Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, TRON, Cardano: Price Analysis, March 13
  • China’s 10th Crypto Rankings: EOS Still in First, TRON Joins and Beats Ethereum to Second
  • Crypto Markets See Mixed Action While Bitcoin Holds $3,900, US Stocks Rise
  • Crypto Markets Are Trading Sideways, Bitcoin Holds $3,900 Support

Source link


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.