The CEO of TRON, Justin Sun, is in the digital currency news today for his recent statement in which he praised Bitcoin‘s technology, seeing it as an actual technology instead of a business opportunity.
TRON’s CEO was a guest in an interview at CNBC, where he spoke to the network and discussed the general state of the crypto markets. Sun, who is also known as the CEO of BitTorrent (which TRON acquired in June 2018) said that the appeal to the younger generations hasn’t changed 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. I think Bitcoin is a technology rather than business opportunities.”
He also offered multiple examples of Bitcoin scaling solutions – such as the Lighting Network (LN) – as a proof of Bitcoin’s ability to reshape the internet evolution. As he summed up:
“I think we are facing the next wave of the internet.”
There are now many vocal opponents of Bitcoin. As we reported earlier, JPMorgan’s CEO Jamie Dimon is one of them, in addition to Buffett, who has grown weary of bashing the dominant cryptocurrency in recent times.
JPMorgan caused a stir last month, appearing in the news section with the unveiled digital token dubbed JPM Coin – that will apparently help in various interbank procedures.
Meanwhile, Justin Sun only briefly talked about the concept of Bitcoin and not much about TRON itself, saying that he is minimally involved in the market cap and the price of TRON’s TRX token. Currently, TRON sits at the tenth place with a market cap of around $1.52 billion.
CME Futures Gaps Show Bitcoin Could Be Headed To $18,000 (Or Higher)
Bitcoin’s Price Goes To $8K Again, Bullish Indicators Are Returning
Trump Rival Presidential Candidate To Make US A Bitcoin Nation
“Blockchain can change the world if we let it. […] Our nation pioneered the Internet. We use smartphones all day every day to move money, to buy goods and services, to share our innermost thoughts, and participate in public life. So it’s pure cognitive dissonance to believe that we cannot extend this further into our democracy and our economy.”Another presidential candidate Andrew Yang is also accepting crypto donations but he is slowly losing his support after tweeting that ‘’cash is king.’’ Both of the candidates are a long-shot in the race against Trump but they are hoping to get the vote of the crypto community. Swalwell offers broad ‘’support’’ for the blockchain technology and Yang has an entire policy platform based on the idea of crypto. As mentioned in the coming altcoin news, Swalwell will not accept corporate ‘’PAC money’’ in his campaign. Politicians were quick to demand a well-regulated and established crypto economy while there was almost no improvement in the regulatory sector in the country. The nature of the federal government towards cryptocurrencies has made other countries become the perfect crypto hub for crypto companies. Experts around the world think that a summary ban on crypto could increase the prices for cryptocurrencies and the demand would also increase. However, the more things are urging to change, the more nobody does anything about the crypto climate.
AT&T Telecom Giant Starts Accepting Bitcoin Payments For Your Phone Bills
‘’We’re always looking for ways to improve and expand our services [and] we have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.’’Currently, crypto payments are only limited to bill payment and AY&T didn’t explain whether the customers will be able to use their crypto to purchase smartphones and other accessories online or at the stores. All of the customers who are interested in making a crypto payment should simply select the BitPay option as a preferred payment option when they login to their accounts or simply go through the myAT&T app. As reported in the latest cryptocurrency news previously, AT&T is not the first US-based titan corporation that started accepting crypto payments. Some of the companies that allowed this option include Overstock, Subway, Shopify, Expedia and Microsoft which only makes up the small percentage of multinational corporations which accept crypto payments. Recently, Whole Foods and other major food retailers started accepting bitcoin through a third-party payment partnership. AT&T telecom giant and its dominance on the market and brand recognition in the telecom sector will surely make a positive influence on the market for the entire crypto sector, not just bitcoin. As we can expect, not everyone is thrilled about the new decision of the company. For example, Morgan Creek Digital co-founder Anthony Pompliano tweeted the news earlier and expressing his support and a number of skeptics bombarded his tweet disagreeing with him and the aT&T announcement. However, this decision is expected to increase the level of mass adoption for Bitcoin but we could also expect to see some movements in the price for the cryptocurrency giant as well.
Join us on Facebook
- Bank Of Russia Is Interested In Developing A Gold-Backed Cryptocurrency
- Litecoin Is Leading The New $10 Billion Market Surge
- CME Futures Gaps Show Bitcoin Could Be Headed To $18,000 (Or Higher)
- Blockchain For Timepieces: World’s Oldest Watch Manufacturer Gets Involved
- Two Miners Reportedly Executed A 51% Attack On Bitcoin Cash (BCH) Blockchain
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Bitcoin News4 days ago
Bitcoin Whitepaper Copyright Registration Filed By Craig Wright
Analysis2 days ago
Expected Bitcoin Drop Leads Major Crypto Assets To Drop By 7%
Bitcoin News4 days ago
Teen Bitcoin Millionaire: BTC Will Die If 4 Major Issues Are Not Solved
Altcoin News4 days ago
Tether Issuer Claims It Had Invested Its Reserves Into Bitcoin
Blockchain News3 days ago
YouTuber PewDiePie Helps Blockchain Platform Grow Its User Base By 67%
Regulation3 days ago
Central Bank Of Laos Warns Against Using Cryptocurrency
Bitcoin News5 days ago
Bitcoin In Myanmar No More: CBM Sees It As Liability
Altcoin News5 days ago
Matic Network Surges 76% In A Day, Slowly Becomes A Favorite