Justin Sun, the founder of Tron and a leading figure in the cryptocurrency market, expects a decline in Bitcoin.
Jack Yi, founder of Liquid Capital, shared today details of a nearly hour-long conversation he had with Justin Sun. According to Yi, Sun, the founder of TRON, expects a decline in both the Nasdaq and Bitcoin. Sun’s concern centers not on leverage in the Bitcoin market, but on the debt used by US AI companies to grow.
According to Yi, Sun said that today’s prices for AI stocks could be remembered as a peak in the future. In Sun’s scenario, problems at a central company in the sector, such as Nvidia, could force companies in the supply chain to reduce their debt and investments. The spread of this pressure to US technology stocks is one of the reasons behind Sun’s caution regarding Bitcoin as well.
Yi also explained that after exiting the market when Bitcoin was around $86,000, he was looking for a buying opportunity again. However, he said that after Jensen Huang’s departure from Nvidia, he is now also considering what might happen in US stocks in the next one to two years. Yi’s post suggests that Sun is focusing not on a specific price level for Bitcoin, but on a potential sell-off that could spread from technology stocks to the crypto market.
*This is not investment advice.
