Justin Sun highlights buying Bitcoin under 1 USD while shaping smart contracts

Justin Sun’s early Bitcoin investment: Justin Sun, founder of the Tron blockchain, began his crypto journey in 2012, buying Bitcoin for less than 1 USD. He recalls the simplicity of transactions back when Bitcoin was accessible on platforms like Taobao.

Role in XRP and Ethereum: Sun played a significant role in Ripple Labs, aiding in the development of XRP. He later recognized the potential of smart contracts and shifted his focus towards Ethereum, investing significantly after its successful ICO in 2015.

Impact on decentralized finance: Reflecting on the evolution of decentralized finance (DeFi), Sun noted Bitcoin’s volatility in early markets. His innovations and strategies set the stage for developments that continue to influence the cryptocurrency landscape.