The founder of Tron (the cryptocurrency), Justin Sun, is almost sure that PRC (China) is about to return to the cryptoworld. In the year of 2021, the cryptocurrency transactions and other activities related to cryptos were banned in China and it became the reason for many crypto companies to get out of country.
Justin expects China to return to the Cryptoworld
The Chinese entrepreneur and the founder of Tron was interviewed recently. In the interview, Justin talked about a lot of questions, like the bankruptcy of Celsius (crypto firm) and the expected return of his country to the cryptoworld.
Before the ban of the cryptocurrencies, PRC was the major spot for crypto transactions. For example, it had one of the highest BTC mining hash-rate.
Justin thinks, that today is the best time for his country to return to the crypto sphere, because of the expected crypto winter and the downfall of 2022, which are almost perfect conditions for China. Cryptocurrencies has dropped a lot and are not planning to increase yet.
Justin Sun trusts Huobi and joins it
Recently, the founder of Tron said, that he’s going to join the Huobi (advisory board). This company is the biggest centralized cryptocurrency exchanges in the world. Sun announced, that he’s going to become the member of Huobi’s board and he also plans to grow HT, which is the native token of the exchange.
Justin also announced about his investments in the native asset of Huobi exchange. It’s remarkable, that these funds are being his portfolio’s larger share. In addition, Justin had been keeping his funds in HT since the launch of it.
The news about Sun’s joining the Huobi board and making huge investments in HT became the reason of token’s price’s increase. For this week, HT has increased by 80% and, in addition, it raised by nearly 4% for the last 24 hours and now is approximately valued at $7.5. These statistics are just the potential of the cryptocurrency and in the near future, we’ll see the whole power of it.