In an interview with Bloomberg, Justin Sun the founder of Tron(TRX) expressed his views on the current Crypto market scenario and hinted at a bullish run nearby.
He believes the fall seen on the market in recent weeks is not a bad thing. For a market that's been moving up for the whole year, a correction is expected.
“I believe the adjustment of the crypto market, most of the reason is because it has been up for the whole year. I think we need to see some adjustments come in the right time.”
He predicts that June will see price adjustments and he expects a bull market in July and August.
“I believe June is just a price adjustment and we will see bull markets in July and August. I still believe the bull market is still there and we will continue to see developments of cryptocurrency.”
Sun adds that China’s crackdown on cryptocurrencies will not succeed due to the decentralized nature of the industry.
“I think China’s recent news about crypto is very important. But I want to emphasize there is no single person or factor that can control the market.”
He also talked about Dogecoin and said Doge is not gonna go away soon. (I wrote an article about the future of Doge. Click here to read it)
"So this is the people’s crypto. They don’t want to hear about the analysis of professional Wall Street investment banks. They just want to trade on their own decisions.” - Said Justin
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