Award-winning reporter Colin Wu says key Bitcoin advocates are capitalizing on drop to buy more digital gold
Chinese journalist and insider Colin Wu reveals that Tron’s founder might be very far from being alone in the club of influential blockchain proponents who use this dip to buy.
100 Bitcoins (BTC) for Justin Sun
Mr. Wu took to Twitter to share that His Excellency Mr. Justin Sun, the eccentric billionaire and tech entrepreneur behind Tron and BitTorrent, bought 100 Bitcoins today.
While the current price of Bitcoin (BTC) is attempting to get back above $42,000, the net volume of the purchase is about $4.2 million.
In addition, Mr. Sun mentioned the President of El Salvador, Nayib Bukele, and the CEO of Microstrategy among other potential large-scale buyers of this “trough.”
As covered by U.Today previously, three weeks ago, on Dec. 17, 2021, Justin Sun announced that he planned to resign as TRON CEO and become Grenada’s ambassador to the WTO.
Blood in the streets
Mr Wu added that it was Justin Sun who had recently deposited a nine-figure sum in Ethers with Binance.
Three days ago, on the Fed’s alarming announcements and the Kazakhstan Internet shutdown that affected 12% of the Bitcoin (BTC) hashrate, the crypto king plunged to multi-month lows at $41,500.
The Crypto Fear and Greed Index fell to 10/100, which is its lowest level since the mid-July sell-off. The last time it was that low was when the price of BTC fell below $ 30,000.
