Justin Sun returns to the cover of Asia Weekly after 14 years: Bitcoin will challenge the status of the US dollar as the reserve currency.

CN
4 hours ago

Recently, TRON founder Justin Sun shared comprehensive insights on the Hong Kong cryptocurrency industry, the development of stablecoins, the prospects of Bitcoin, and global digital finance trends in an exclusive interview on the cover of Asia Weekly. He called for Hong Kong to break away from traditional models and seize opportunities in the digital economy. He emphasized that Hong Kong should reshape its global financial competitiveness through stablecoins and new economic innovations, and TRON is willing to leverage its technical expertise to support the development of digital payment systems.

Hong Kong Should Boldly Embrace the New Economy

Justin Sun pointed out that Hong Kong is leading the way by introducing the "Stablecoin Regulation Draft," showcasing its potential. The subsequent focus is whether traditional financial institutions and the cryptocurrency industry can fully utilize the regulations to gain a developmental edge. He noted that cities like Shenzhen and Shanghai have benefited from rapid advancements in AI and fintech due to their execution capabilities. Hong Kong could learn from these experiences to break free from its old reliance on traditional industries like real estate and actively embrace the new economy.

Justin Sun suggested that Hong Kong should adopt the "thirst" mentality seen in the Middle East, such as Dubai's investments in AI chips and aerospace technology, to enhance its global influence. He boldly proposed that Hong Kong could consider building Asia's first commercial space launch station, sending people to space weekly to attract global capital and attention, "which would be more valuable than twenty Disney parks."

Justin Sun emphasized that Hong Kong, as a "super connector" between the mainland and the world, can promote innovations in cross-border payments and trade settlements through the Hong Kong dollar stablecoin project, thereby reshaping its status as an international financial center. TRON has rich experience in this area, with the USDT circulating on the TRON blockchain reaching $80 billion, accounting for more than half of the global USDT supply, which can provide technical and practical references for the development of stablecoins in Hong Kong.

Cryptocurrency Industry and Global Financial Trends

Justin Sun stated that TRON is committed to becoming "the core settlement layer for global financial transactions." Recently, its native token TRX was adopted as a strategic reserve asset by Nasdaq-listed company SRM, which he believes will propel TRON to become a pioneer of cryptocurrency assets in the US stock market. "We will continue to explore more ways to promote the acceptance of the TRON ecosystem in mainstream global markets." He is optimistic about the growth potential of stablecoins, noting the rapid development of stablecoin operations on the TRON blockchain is impressive, and the future will continue to explore technologies that integrate AI and blockchain.

Justin Sun is confident about Bitcoin's challenge to the US dollar's status as a reserve currency, emphasizing its decentralization, fixed supply of 21 million coins, and inclusive financial value. He pointed out that US national debt exceeds $36 trillion, and excessive money printing raises inflation concerns. Bitcoin, as "digital gold," is suitable for countering depreciation amid geopolitical turmoil and meets the diversified financial needs of a multipolar world. The legal currency practices in El Salvador and the Bitcoin strategic reserve executive order passed by the US in March demonstrate its potential. Additionally, the influx of institutional investments, such as BlackRock's Bitcoin spot ETF managing $70 billion, shows mainstream finance's recognition of the value of cryptocurrency assets. He admitted that Bitcoin's transaction speed (about 7 transactions per second) and regulatory uncertainties are current challenges, but through technological upgrades like scaling and cross-chain solutions, these obstacles can be overcome, offering significant growth potential.

Justin Sun pointed out that looking at the trends in the US, the approval of Bitcoin spot ETFs and the establishment of a national Bitcoin strategic reserve reflect a shift from regulatory oscillation to standardization regarding cryptocurrency assets, providing a reference for global regulation. He stated that the divergence in understanding of cryptocurrency assets between the US SEC and CFTC is gradually narrowing, and a unified classification standard for cryptocurrency assets may be introduced within the next two years. Hong Kong could learn from this experience to reduce trial-and-error costs and enhance regulatory efficiency.

In the interview, Justin Sun predicted that stablecoins, cross-border payments, the integration of AI and blockchain, and cross-chain technology will become core trends in the future. Hong Kong needs to establish a regulatory framework that adapts to local characteristics, balancing innovation and compliance to prevent innovation from flowing to other regions. He emphasized that under the new economic opportunities presented by stablecoins, Hong Kong has the chance to regain its leading position in the digital finance wave, and TRON hopes to provide strong support in this process.

This article is from a submission and does not represent the views of BlockBeats.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Bybit: $50注册体验金,$30,000储值体验金
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink