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Bought The Dip: Justin Sun Buys $150 Million Worth of Bitcoin

Summary:
Justin Sun, the founder of TRON, just announced that he purchased over 0 million worth of bitcoins at an average price of about ,800. In what some are calling ‘the greatest wealth transfer of the year,’ Bitcoin and the cryptocurrency market at large plummeted over 50% before rebounding over 25% within hours. Amidst a slew of liquidations, several high-profile cryptocurrency advocates like Michael Saylor spoke out, reaffirming their bullish thesis, unexpectedly including Elon Musk. Justin Sun was amongst these people, announcing a monster 0M Bitcoin buy. I have bought 4145 #Bitcoin with 2,818,183 at average price ,868. — Justin Sun (@justinsuntron) May 19, 2021 Sun is no stranger to decentralized technology – as the CEO of BitTorrent and TRON, he has seen

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Justin Sun, the founder of TRON, just announced that he purchased over $150 million worth of bitcoins at an average price of about $36,800.

  • In what some are calling ‘the greatest wealth transfer of the year,’ Bitcoin and the cryptocurrency market at large plummeted over 50% before rebounding over 25% within hours.
  • Amidst a slew of liquidations, several high-profile cryptocurrency advocates like Michael Saylor spoke out, reaffirming their bullish thesis, unexpectedly including Elon Musk.
  • Justin Sun was amongst these people, announcing a monster $150M Bitcoin buy.
  • Sun is no stranger to decentralized technology – as the CEO of BitTorrent and TRON, he has seen heavy value in what Bitcoin brings to the table in terms of a worldwide antifragile currency network. As such, he is extremely bullish on BTC going forwards.
  • At the time of this writing, the price for a bitcoin sits above $40,000, putting Sun’s investment at a hefty profit already.

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