Justin Sun, the founder of the Tron Blockchain, in his tweet expressed his positive outlooks on the crypto market, particularly Ethereum (ETH). He emphasized that with improving macro policies, it is a prime opportunity for the investors to accumulate rather than sell.
With the improvement in macro crypto policies, we are very optimistic about the market outlook(including ETH). Instead of selling, we believe it’s an excellent time to continue accumulating and building.
— H.E. Justin Sun🌞(hiring) (@justinsuntron) November 7, 2024
Justin Sun’s Bullish Sentiment
Justin Sun’s comment indicates that it is a good time to invest since the government is becoming more supportive and clear about the regulations. His views also resonates with the broader narrative of increasing institutional investment and incorporating transparency in the crypto market. The pro-crypto and pro-Bitcoin stance adopted by Donald Trump, coupled with potential policy shift in the US has further fueled market enthusiasm.
Justin Sun has also urged Chinese policymakers to sit down and evaluate the Bitcoin policy and make changes if needed, highlighting a potential benefit of healthy competition between China and US. Progressive Chinese stance could lead to innovation and reformation of the regulatory framework.
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Sun’s tweet sparked enthusiasm within the community with the members interpreting his statements as a vote of confidence in the market’s potential. Experts predict Bitcoin’s value could reach $77,000 by the end of 2024 due to launch of new investment products and technical changes.
According to Sun, Ethereum (ETH) will also be doing good as it has been gaining traction in the recent weeks. At press time, the price of ETH is $2,815.10 with a surge of 7.1% in the last 24 hours. It is being predicted that the price of ETH could range from $2,199 to $3,019 towards the end of 2024.
Justin Sun on Hiring Gary Gensler
In his recent X post, Justin Sun congratulated Trump and said that he looks forward to the industrial growth under his leadership. He then raised a question asking what happens to Gary Gensler once Trump gets in the oval office. He then urged the community members that everybody should have inclusive heart and keeping that in mind, he is ready to hire Gensler if can change his attitude and work in the crypto industry with sincerity.
Justin Sun’s bullish sentiment indicates growing confidence in the market. As the policies improve, innovation accelerates, and investor interest also increases. As Sun correctly pointed out, now may be an excellent time to accumulate and build rather than selling the digital assets.
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Also Read: Meet the Whale Who’s Currently on a Bitcoin Accumulation Spree
