Summary
TRON founder Justin Sun reveals he holds over 28,000 Bitcoins worth $1.6 billion. Bitcoin’s price surge linked to ETF investments. Sun’s crypto holdings and actions, including withdrawals and SEC enforcement, raise speculation and controversy.
Key Points
1. TRON founder Justin Sun holds over 28,000 Bitcoins, valued at approximately $1.6 billion, as disclosed to his 3.5 million followers on X.
2. Bitcoin’s price surge is driven by a significant influx of investments into Bitcoin exchange-traded funds (ETFs), with 11 spot Bitcoin ETFs approved last month.
3. Analysts predict the Bitcoin market cap will reach $1.5 trillion amid surges in spot Bitcoin ETFs from BlackRock, Grayscale, and others.