Justin Sun and Bitcoin's past and present: ambitions, opportunities and challenges

2021 is a crazy year for Bitcoin. Since the beginning of the year, the transaction price of Bitcoin has soared from 20,000 US dollars to nearly 60,000 in just one month. This has made Bitcoin and other digital currencies slowly enter the public's eyes. Now, the global payment platform VISA supports USDC for settlement. In the future, Visa will support cryptocurrencies represented by Bitcoin, not just stablecoin USDC. This is the latest sign of the increasing acceptance of digital currencies in the mainstream financial industry, and will also lead digital currencies a big step forward.

Domestic support for blockchain technology is also gradually increasing. On March 26, the first "China Association of Small and Medium Enterprises Blockchain Innovation Summit Forum" was held in Haikou. Many experts and scholars in the field of blockchain technology research unanimously agreed that the development of blockchain technology must be high-speed and high-quality. With the increasing advancement of blockchain technology and the continuous expansion of application scenarios, as an important breakthrough for independent innovation of core technologies, blockchain has been written into the country's "14th Five-Year Plan" as a key industry of the digital economy.

Sun Yuchen, founder of TRON, the most influential domestic blockchain company, wrote in January this year: "I encountered Bitcoin at the age of 22 in 2012 and entered the industry by accident. Now eight years have passed, and I have long realized that blockchain is a lifelong career for me, just like Jack Ma was born for e-commerce. Many people work hard to do the career they love. I can start the career I love at the age of 22. This is a kind of luck and blessing. Why shouldn’t I go all out? Life is long, let us witness miracles!"

In 2013, Justin Sun first learned about Bitcoin from an article in the New York Times. At that time, the price of Bitcoin had experienced a round of increases. Although it could not be compared with the current price, it still attracted the attention of many people. Most people thought it was a professional money-making thing like a "Ponzi scheme". But Justin Sun finally chose Bitcoin between continuing his studies and Bitcoin. When he first touched Bitcoin, its value was around $50, and the overall market value of Bitcoin hovered between $500 million and $1 billion. The anonymity of Bitcoin can handle financial settlement problems very well for it, and he thought that the total market value of Bitcoin might easily increase 100 times. Therefore, he bought all the training fees for Bitcoin. Soon after, Bitcoin skyrocketed, making him have his first 10 million, and he became rich by relying on Bitcoin.

In addition, BitTorrent, which Sun Yuchen acquired in 2018, also saw a surge in 2021. On March 21, BitTorrent's digital currency BTT surged 60% during the session, with a market value of more than 20 billion yuan.

It has to be said that Justin Sun has a unique vision. Starting from Bitcoin, he was determined to enter the blockchain industry, not just to make money, but more to realize the cause of blockchain. After three years of arduous struggle, TRON has now become one of the top three public chains in the world. TRON accounts have exceeded 31 million and are growing at an average rate of 100,000 per day. Not only has it launched a series of architecture products such as decentralized stablecoins, decentralized exchanges, decentralized lending, and decentralized oracles, it has also reached strategic cooperation with world-renowned companies such as Samsung, Huawei, Poloniex, and Opera.

It is worth mentioning that TRON has also launched BTC on the TRON chain, and the current circulation has exceeded 25,000. It can be seen that TRON is determined to provide the entire blockchain industry with large-scale, low-cost and secure blockchain networks and DeFi products.

The TRON ecosystem is still growing and developing. With the continuous improvement of the ecosystem and the continuous iteration and update of the infrastructure, I believe that under the leadership of Justin Sun, the founder of TRON and CEO of BitTorrent, TRX will surely make rapid progress again.