Tron (TRX) founder Justin Sun said he is moving to Hong Kong because the Chinese crypto market is rising in a Jan. 29 Twitter thread.
Sun added that experts have predicted that the Asian country would dominate the next bull market.
The crypto entrepreneur pointed out that China’s crypto market has a strong track record of adoption and innovation, adding that the country has a large community of traders and developers.
Sun stated that he is moving to the region because Tron was trying to expand its reach in Hong Kong, while his exchange Huobi has a strong focus on the market there. He added that China’s dominance is becoming more apparent as the crypto market matures and adoption grows.
The Tron founder advised the crypto community not to be “too US-centric” because the country is not the only major player in the crypto industry.
(By Oluwapelumi Adejumo)
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