Justin Sun, a well-known figure in the cryptocurrency field, is often surrounded by marketing news and hot topics, and is teased by netizens as "Brother Sun". However, Justin Sun's success does not rely solely on traffic and hype. His steady progress in the changing market reveals his deep wisdom and unique perspective as a financial strategist.
In March this year, the El Salvador National Treasury deposited 5,689 bitcoins, becoming the country's first bitcoin piggy bank. Three years ago, El Salvador became the first country in the world to use bitcoin as legal tender, a move that sparked widespread skepticism at the time. However, Justin Sun publicly supported the decision on Twitter, which was liked and retweeted by the President of El Salvador. Today, El Salvador's bitcoin reserves have begun to bear fruit, and Justin Sun has once again proved his keen insight into the cryptocurrency market.
Recently, the announcement of the winners of the sixth season of the TRON Hackathon attracted great attention from many foreign media including Benzinga and Yahoo Finance, further proving TRON’s leading position in promoting technological innovation.
The cryptocurrency market has experienced many bull-bear cycles, and Sun Yuchen has been able to move forward steadily in every market change. Since he founded TRON in 2017, he has experienced many market troughs, but has always maintained a growth momentum. As of June this year, the number of TRON accounts exceeded 238 million, the number of transactions exceeded 7.87 billion, and the market value of the USDT stablecoin on the chain reached 59.8 billion US dollars, all of which set a record high. All this is inseparable from Sun Yuchen's accurate judgment of the market. The head of Goldman Sachs Digital Assets Asia Pacific pointed out that customer interest in the crypto market is recovering, and indicators such as the number of new customers and trading activity have increased. In the interview, Sun Yuchen expressed his confidence in the next round of market cycles in the future and predicted that cryptocurrency will become part of the global financial infrastructure, similar to the popularity of social media today.
Sun Yuchen's success lies not only in his grasp of market trends, but also in his compliance construction and global market layout strategy. In 2021, TRON cooperated with asset management company VanEck to successfully launch TRX ETN on the German Stock Exchange and entered the mainstream financial markets of 16 European countries. In 2022, TRON became the national public chain of Dominica, and its token has the status of legal tender in the country.
At the same time, TRON has made key deployments in emerging economies such as Southeast Asia, South America and Africa. The local currency values in these areas fluctuate greatly and bank branches are scarce. The TRON network can provide low-cost transfer and transaction services to meet the financial needs of local people. TRON occupies an important position in these markets, and the number of daily transactions and user activity have increased significantly. It is this persistence in long-termism that allows Justin Sun to move forward steadily through multiple cycles of the cryptocurrency market, becoming one of the few industry leaders who can survive in the bear market and continue to develop in the bull market. Justin Sun’s success lies not only in his market strategies, but also in his firm belief in blockchain technology and cryptocurrency.
Although Sun Yuchen is often portrayed by the media as flamboyant, smart, and impatient, his actual operations show calmness, composure, and a belief in long-termism. Since founding TRON in 2017, he has always adhered to his own ideas and strategies. No matter how the market fluctuates, he always believes in the future of blockchain technology. Behind Sun Yuchen's iconic smile is the confidence and persistence of an idealist. He believes more in the trend he has identified and believes that blockchain will lead to the future.
Currently, 40% of the world's 300 million crypto population are located in Asia, and the total number of TRON accounts has exceeded 230 million, which means that more than half of crypto users have joined the TRON ecosystem. From one of the earliest Bitcoin investors to the current helmsman of TRON, Justin Sun's journey began with ideals, and was permeated with a firm belief in technology and a keen judgment of the market.
In the future, Justin Sun will continue to explore and move forward in the field of cryptocurrency and blockchain. No matter how the market changes, his beliefs and strategies will lead him to write more legendary stories of his own. Justin Sun, a figure surrounded by traffic and controversy, is actually much more than that. His steady progress in the changing market is the best interpretation of his wisdom and foresight.
