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Justin Sun, founder and CEO of Tron (TRX), the 15th largest cryptocurrency by market capitalization, is investing in a number of cryptocurrencies other than Bitcoin (BTC).
On a February 23 interview With CNN, the CEO of Tron claimed to be a long-term believer in cryptocurrencies and has a stake in many altcoins, including the two largest coins after Bitcoin – Ether (ETH) and XRP.
Tron CEO predicts Bitcoin will surpass $ 100,000 in 2025
When asked if Sun has diversified its cryptocurrency portfolio, the CEO of Tron replied:
“I also own a lot of XRP and Ethereum. I’m like a long-term believer in cryptography, so I want all crypto assets to be successful. That’s why I also own many other different cryptocurrencies. “
As a major proponent of cryptocurrencies, Sun is optimistic about the price of cryptocurrencies and confident that cryptocurrencies like Bitcoin are the future of money. In the interview, the CEO of Tron predicted that Bitcoin will exceed $ 100,000 in 2025, pointing out that other cryptocurrencies will follow the trend.
Justin Sun’s $ 100,000 Bitcoin forecast in his own words:
“I absolutely believe Bitcoin will surpass $ 100K in 2025. I believe we can reach this price before 2025. At the same time, I think many other crypto projects like Tron, Ethereum and XRP will also see a bull market.”
Tron’s CEO only uses fiat money in daily life
In line with his bullish stance on cryptocurrencies, Tron’s Justin Sun said in the interview that he is investing all his money in cryptocurrencies. However, Sun still converts its cryptocurrency into fiat currencies such as the US dollar. In the interview, the CEO of Tron said he only withdraws cryptocurrencies if he needs to spend money in his daily life.
Justin Sun says Warren Buffett is “very open” to blockchain and crypto
The news comes about a month after Sun had his charity lunch with Berkshire Hathaway president and noted Bitcoin critic Warren Buffett. On January 23, Tron’s CEO caught up with Buffett to finally have a long-awaited lunch after postponing the event for medical reasons earlier in 2019.
In the latest interview, the CEO of Tron revealed that he has not exactly tried to convince the famous billionaire investor that cryptocurrencies will increase enormously in the coming years. Instead, Justin Sun was trying to explain some cryptographic potentials to Buffett because he wanted him to understand the basic fundamentals of blockchain and cryptography such as instant crypto transactions.
Buffet eventually slams the encryption again
The CEO of Tron also pointed out that Buffett was “very open” to new technologies such as crypto and blockchain, noting that the well-known investor accepted Bitcoin and TRX from him. However, Buffett has claimed who does not own any cryptocurrency and has no plans to invest in any cryptocurrency in a Feb.24 interview with CNBC. In the interview, the billionaire investor reiterated his negative stance on cryptocurrencies, arguing that cryptocurrencies have “zero” value and produce nothing.
In another CNBC interview in 2018, Buffet predicted that cryptography will come to a “bad ending”, stating that Bitcoin is “probably rat poison”.
Cointelegraph has reached out to the Tron team for further comment on the matter and will update if we hear from you again.
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