Tron Founder Justin Sun Wants to Link the Ecosystem with Bitcoin

Scandal noodle Justin Sun is also a crypto pioneer as the founder of Tron (TRX) . Recently, the 33-year-old had noticeably held back in his high-profile actions. But now Sun per X is calling for people to bring fun and joy back to Bitcoin.

The crypto reserve currency BTC has been in an upward trend for months anyway, and Bitcoin is trading at around $52,000, the highest it has been since December 2022.

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But Sun has even bigger plans for Bitcoin and is positioning Tron for it

He identified deficiencies in the connection between Bitcoin and other ecosystems. This is supposed to be solved by… Tron, of course. The TRX ecosystem brings with it $55 billion in stablecoins (mainly Tether (USDT)) and more than $22 billion in deposited capital in the decentralized finance (DeFi) sector, says Justin Sun.

This should be combined with Bitcoin (current market capitalization $1.01 trillion). Technologically, this is a challenge because the protocols of Bitcoin and Tron are fundamentally different. But Sun sees Layer-2 in BTC such as Bitcoin Ordinals (or Lightning) as a starting point; Tron should later develop its own solutions.

The Tron Self-Administration (DAO) has already presented a roadmap for Sun’s plans and supports the project. There will therefore be three phases in which Tron, according to its self-portrayal, will drive the future of Bitcoin. They are not fixed in time, it just starts with Bitcoin NFTs aka Ordinals or BRC-20 Standard.

In the comments on Justin Sun and Tron’s Bitcoin advance, the camps are divided into warnings and applause. Sun once created the TRX concept at Tron as a white paper using copy-paste and the current project also seems to have been put together quickly. Other actions by Sun, such as a meeting with investor legend Warren Buffet that cost more than 4 million , fake cooperation with the legendary football club Liverpool FC or a manipulated Tesla raffle , have given Sun a reputation for putting seriousness aside when thinking big.

On the other hand, Bitcoin Ordinals are a topic of the future; the world’s largest crypto exchange Binance already responded in February with a specialized marketplace . And Wrapped Bitcoin (WBTC) (market capitalization $8 billion, TRX for comparison comes to $11 billion) as a 1:1 secured image of Bitcoin is only organized for the Ethereum (ETH) ecosystem, where there is a bridge between BTC and ETH already exist.

Conclusion: Big Bitcoin plans at Tron and Justin Sun

It remains to be seen whether the Bitcoin and Tron communities and their money will really come together. Many BTC investors might find Justin Sun’s personality too dull and Tron is not the only crypto heavyweight that wants to recover Bitcoin treasures. But without reservations, the initiative at least makes it clear: The “digital gold” Bitcoin is currently finding itself in a much sought-after role, as the ETFs in the USA are demonstrating with significant capital inflows .

Bitcoin as an independent and decentralized store of value arouses desire. Tron’s chances of success in carving out a large piece of the BTC pie will depend on the specific design of the Bitcoin offensive. If Sun wants to promote Tron as a pacesetter for Bitcoin, he may be underestimating the balance of power in the crypto industry.

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(Featured image by Traxer via Unsplash)

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