Is the Bear Market Over? Tron (TRX) CEO Justin Sun Thinks So
Jeremy Wall's original article for www.investinblockchain.com reduced by 57%
Justin Sun, founder and CEO of the Tron Foundation as well as creator of the BitTorrent Token, recently shared some insights about the current cryptocurrency market alongside Binance CEO Changpeng "CZ" Zhao in an interview with the Chinese news portal Huoxing24. When asked about the future of Bitcoin and where the industry is headed in 2019, Sun replied that he thinks we've already hit the bottom. Referring to Bitcoin's collapse to $3,150 on December 14, 2018, Sun suggests that the year-long bear market is now over.
While Sun believes the bottom has already been passed, he does not think we'll see a market breakthrough and experience new highs in 2019. Sun believes the price of Bitcoin will remain fairly stagnant through most of the year, stating that he forsees it fluctuating between $3,000 and $5,000. Following these statements, Sun did predict market breakthroughs this year, just not with Bitcoin's price.
Do you agree with Justin Sun that we have already reached a Bitcoin bottom and the bear market is over? Do you think the launch of JPM Coin will be of great significance to the blockchain industry? Let us know in the comment section below.
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Summarised crypto news.