The Bitcoin MENA conference is currently in full swing, and Tron founder Justin Sun is also discussing the development, application, and long-term value of Bitcoin and blockchain technology at the conference. Justin Sun stated that Bitcoin is like an 'introductory course' into the cryptocurrency field, while blockchain technology is a 'multifaceted museum' attracting global attention.
Bitcoin remains stable, but innovation relies on other blockchains.
Justin Sun first affirmed Bitcoin's core value, mentioning: "Bitcoin is quite stable as a store of value; its design is meant to provide a secure, decentralized currency system unaffected by political or other external factors."
But he also pointed out that because Bitcoin's design is too focused on stability, it fails to innovate quickly. He cited that platforms like Ethereum and Tron can support smart contracts and other innovative applications, which Bitcoin cannot provide.
He further stated: "If you want to continue developing DeFi or technological innovations like AI-generated tokens, you need to choose blockchains other than Bitcoin to achieve these goals."
Stablecoins make Bitcoin more valuable.
When talking about stablecoins like USDT, Justin Sun mentioned that such products indeed promote the popularity of Bitcoin. He recalled that early stablecoins encountered many technical bottlenecks when operating on Bitcoin, so they turned to high-performance platforms like Tron to solve issues such as slow transaction speeds and high fees.
He bluntly said: "Stablecoins bring more funds into the Bitcoin market, indirectly enhancing Bitcoin's value." He noted that today Bitcoin can reach a price of $100,000 per coin, and stablecoins have played a significant role in this.
Bitcoin is the introductory course, while blockchain is the multifaceted museum.
Justin Sun cleverly described Bitcoin and blockchain, stating that Bitcoin is a mandatory introductory course for everyone entering this field, while other blockchains are multifaceted museums. In this museum, there are not only practical platforms but also meme coins like 'banana art' that are difficult to grasp, reflecting the diversity of technology and community.
He added: "Whether it's Dogecoin, Shiba Inu, or the recently popular AI-generated tokens, every project is backed by a group of users, which enriches the entire blockchain ecosystem."
Bitcoin and blockchain complement each other.
Justin Sun emphasized that Bitcoin and other blockchain technologies are not opposites, but rather good partners that can complement each other. He mentioned that Tron’s cross-chain can package Bitcoin (WBTC), allowing Bitcoin to be used on other blockchain platforms to enhance liquidity and usability. He concluded: "The development of blockchain not only drives the value growth of Bitcoin but also makes the entire industry more interesting and richer."
(Justin Sun explains the reason for buying $6.2 million worth of bananas: Art inspires people to think, just as Bitcoin is determined by consensus.)
This article features Tron founder Justin Sun: Stablecoins drive up the value of Bitcoin, and blockchain is like a museum attracting global attention. First appeared in Chain News ABMedia.
