Justin Sun, the founder of TRON and the global advisor of Huobi, said earlier on Twitter that the next wave of bull market will be dominated by Chinese funds. In order to seize the opportunity in the Asian market, he has decided to move to Hong Kong:
With the cryptocurrency market maturing, mainstream adoption growing, and China’s growing dominance in the space in mind, I have decided to move to Hong Kong.
Hong Kong has recently actively created the image of a “cryptocurrency experimental field”. In addition to approving the listing of cryptocurrency ETFs, it also intends to establish a licensing system for cryptocurrency service providers and open cryptocurrency transactions to retail investors. The skepticism of China and the cryptocurrency ban imposed by China are in stark contrast.
Notably, China imposed a blanket ban on cryptocurrency trading back in 2017. However,
Justin Sun pointed out in his post that “China’s cryptocurrency market is on the rise.” He said confidently, ” Experts predict that China will dominate the next wave of cryptocurrency bull market, and TRON and Huo will definitely lead the development of Hong Kong’s cryptocurrency market.” .
