Justin Sun on Bitcoin’s Future and Buying at $69,000

IconCryptoNewsTerminal Staff11 Jul, 2024

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Justin Sun on Bitcoin’s Future and Buying at $69,000

Justin Sun, the founder of Tron (TRX), took to Twitter to state that he "is bullish on the future of Bitcoin, but did not buy BTC at $69,000 level." Earlier, CryptoQuant CEO Ki Young Ju tweeted that "The HTX whale address that bought a large $420 million long position when the BTC price was $67,000 could be traced to Justin Sun." Sun's comments come as Bitcoin has been experiencing a period of volatility, with the price dropping below $50,000 in recent weeks. However, Sun remains optimistic about the long-term prospects for Bitcoin, saying that he believes it is "still the king of cryptocurrencies." Sun is a well-known figure in the cryptocurrency community and is known for his outspoken views on the market. He is also a vocal advocate for Tron, which he believes has the potential to become one of the leading cryptocurrencies in the world.

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