Justin Solar believes that Bitcoin (BTC) and different cryptocurrencies have the potential to create alternatives for the youthful technology of traders. TRON’s CEO additionally implied that critics of Bitcoin and different cryptocurrencies have been centered on the enterprise facet of issues fairly than the extra profound technological implications digital currencies present throughout the rising digital economic system.
A Promising Future for Bitcoin and Cryptocurrencies
Talking to CNBC on Wednesday (March 13, 2019), Solar weighed in on the way forward for Bitcoin (BTC) and cryptocurrencies basically. Commenting on the matter, Solar stated he was optimistic about the way forward for digital currencies.
In keeping with the TRON’s CEO, developments of layer-two protocols just like the Lightning Community, in addition to the latest involvement of establishments like JPMorgan and Fb within the trade, is indicative of the rising utility of digital property.
Christopher Giancarlo, the top of the US Commodity Futures Buying and selling Fee (CFTC) additionally echoed sentiments much like Solar’s. In a speech delivered on Thursday (March 14, 2019), the CFTC chair described cryptocurrencies and blockchain expertise as huge drivers within the transformation of the modern-day funding market.
When pressed about criticisms from the likes of Warren Buffett about Bitcoin’s utility, Solar declared that cryptocurrencies are extra of a expertise than a enterprise alternative. Elaborating additional, Solar opined that digital currencies current nice alternatives for the youthful technology whereas declaring that Bitcoin and different cryptocurrencies are “the next wave of the Internet.”
Focus Needs to be on Mass Adoption (Not Market Capitalization)
The TRON CEO additionally offered a case for a larger deal with mass adoption, fairly than on metrics like market capitalization. TRON is the 10th largest cryptocurrency by market cap — at present standing at $1.5 billion. Slightly than specializing in market cap worth, Solar as a substitute says his focus is on the enterprise improvement and technological elements.
Within the mid-2018, TRON acquired BitTorrent, the file-sharing platform. Solar highlighted that his firm is taking steps to combine cryptocurrency and blockchain expertise into the BitTorrent community. By so doing, Solar believes that they’ll onboard the platform’s over 100 million energetic customers throughout 138 international locations onto a vibrant decentralized platform for file sharing.
Aside from the continuing efforts with BitTorrent, the TRON CEO additionally thinks that initiatives like Fb’s proposed cryptocurrency will assure larger adoption of digital property on a world scale.
Do you agree with Solar’s summation that Bitcoin and different cryptocurrencies have a promising future? Share your ideas with us within the feedback under!
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