Tron (TRX) CEO Justin Sun tries to align Tron’s growth strategies with the United State’s cryptocurrency regulatory landscape. In a recent X (formerly Twitter) post, Sun proposed that perhaps the blockchain project can learn from MicroStrategy, a business intelligence firm famous for its large investments in Bitcoin.
He added that Sun approves of MicroStrategy’s use of Bitcoin for financial gains and corporate rebranding, and perhaps Tron will follow suit to secure its place in the market.
As suggested by Sun’s comments, Tron’s strategy could include treasury management reforms, more institutional engagement, and possibly even a cryptocurrency reserve similar to MicroStrategy’s Bitcoin holdings. Sun feels such initiatives would bolster TRX’s function in the financial system, attract institutional investors, and put the token on the path upwards and onward.
U.S. Regulatory Changes Could Propel Tron’s Growth, Says Sun
Under the right conditions, he said a change in the U.S. regulatory environment under the next administration could encourage innovation and send Tron projects like his forward.
Between November 25 and December 1, MicroStrategy bolstered its Bitcoin reserves by buying an additional 15,400 BTC for $1.5 billion. This purchase was disclosed by an 8-K filing with the U.S. Securities and Exchange Commission (SEC).
In addition to selling 3,728,507 shares worth $1.5 billion during the same period, the acquisition comes after MicroStrategy wanted to sell equity and fixed-income securities to raise $42 billion over the next three years to fund more Bitcoin purchases.
This latest purchase from MicroStrategy has increased its holdings of 402,100 BTC to more than $38 billion, making it a leading institutional Bitcoin holder.
By December 3, Tron’s native token TRX hit a record high of $0.44, with over a 30-billion-dollar market capitalization. This surge surpassed Avalanche (AVAX) and allowed TRX to soar to the 10th position on CoinMarketCap.
At the time of writing, TRX is at $0.35, up 45% over the last 24 hours. The rally is said to have been spurred by boosted investor optimism and predictions from crypto influencers.
Social media influencer Javon Marks predicted a booming TRX rally and predicted the token would move a “logarithmic follow through” up to $1.11, or 720%, from its current price.
According to Mihir, a crypto analyst on X, TRX could hit $1.80, making it a 336% increase from today’s levels.
$TRX for $1.8.
336% from here.
Consider reposting this if you liked it.#TRX #Tron #Crypto pic.twitter.com/TfkHQWIiYm
— Mihir (@RhythmicAnalyst) December 3, 2024
Integrating strategic treasury management with institutional trends could be a turning point for Tron as the blockchain looks to follow MicroStrategy’s playbook. TRX’s value is surging, and Tron has a promising regulatory outlook. It will be closely watched as it journeys through the ever-changing political cryptocurrency landscape.
This news is republished from another source. You can check the original article here