<![CDATA[<figure class="image"><img src="https://cimg.co/news/124281/328081/justin-sun-korea.jpg" srcset="https://cimg.co/news/124281/328081/responsive-images/justin-sun-korea___media_library_original_1200_800.jpg 1200w, https://cimg.co/news/124281/328081/responsive-images/justin-sun-korea___media_library_original_900_600.jpg 900w, https://cimg.co/news/124281/328081/responsive-images/justin-sun-korea___media_library_original_720_480.jpg 720w, https://cimg.co/news/124281/328081/responsive-images/justin-sun-korea___media_library_original_600_400.jpg 600w, https://cimg.co/news/124281/328081/responsive-images/justin-sun-korea___media_library_original_300_200.jpg 300w" width="1200" class="content-img" alt=""><figcaption>Source: Twitter / @justinsuntron</figcaption></figure>Tron founder Justin has predicted that the market is poised to enter a new bull cycle within the next two years.&nbsp;Speaking at<a href="https://www.media-outreach.com/news/united-states/2023/09/06/243994/tron-and-its-founder-justin-sun-attend-kbw-2023-cryptotechnology-as-a-global-strategy-asian-narratives-set-to-reclaim-mainstream-relevance/"> Korea Blockchain Week 2023</a>, Justin Sun expressed optimism for the upcoming bull run. He said that the industry has been undergoing a deleveraging process over the past year, requiring time to absorb the market shocks stemming from liquidity crises triggered by companies such as 3AC and FTX.&nbsp;The crypto billionaire believes that the industry at large equally requires time to rebuild confidence and sustain development.<h2 id="justin-sun-praises-asias-crypto-regulatory-landscape">Justin Sun Praises Asia&rsquo;s Crypto Regulatory Landscape</h2>Talking about crypto regulations at the event in Korea, Sun emphasized that even in the face of strong regulatory measures from the western countries like the USA, cryptographic technology remains a worldwide strategic priority that all involved parties will ultimately engage with.&nbsp;He further noted that the momentum behind dollar-pegged stablecoins in Asia is expected to remain strong, primarily due to the regulatory environment in the region.&nbsp;The trend is expected to endure throughout the emergence of the <a href="https://cryptonews.com/guides/what-is-web3.htm">Web 3.0</a> era, and concurrently, Asian perspectives are primed to regain their central position in mainstream discussions, Sun added.&nbsp;<h2 id="hong-kong-and-singapore-to-invigorate-the-global-crypto-industry">Hong Kong and Singapore to Invigorate the Global Crypto Industry</h2>Justin Sun also talked about the evolving landscape in the Asian cryptocurrency arena, with a particular focus on the resurgence of Hong Kong's importance.&nbsp;Historically, <a href="https://cryptonews.com/news/hong-kong-aims-thrive-as-an-international-crypto-hub-despite-global-scrutiny.htm">Hong Kong</a> had been a favored hub for cryptocurrency exchanges, but the stringent cryptocurrency policies in China had caused the departure of several prominent projects.&nbsp;Nevertheless, Hong Kong has recently embarked on a path of revitalization, embracing more accommodating policies to rekindle its appeal to cryptocurrency enterprises.&nbsp;This shift has ignited a competitive spirit that has also spurred <a href="https://cryptonews.com/news/singapore-tops-list-of-crypto-friendly-investment-migration-destinations.htm">Singapore</a> into action, as it aims to safeguard its regional leadership position.&nbsp;Justin Sun opined that the resulting rivalry and collaboration between Hong Kong and Singapore are poised to inject renewed energy into the global cryptocurrency industry, offering a wider array of options and opportunities for both investors and entrepreneurs.
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Crypto Billionaire Justin Sun Predicts Next Bull Cycle

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