The Tron China connection is worth exploring. It has been a disastrous two weeks for Tron, bitcoin, ethereum, and just about every other cryptocurrency out there. In this column we explore the role of theTron China relationship. Is the link Between Tron and China that strong?
Tron’s CEO Justin Sun is a student of Jack Ma, the Chinese billionaire behind Alibaba. While this might seem disconnected to Tron’s value, it actually is a big deal considering that China has been cracking down on cryptos and ICOs for some time now.
If Tron has any, even the tiniest of links to a person as powerful as Jack Ma, then you can rest assured that Tron is one of the coins that won’t face the wrath of the Chinese government. It’s the same reason why Neo and Vechain have a very good growth potential. They too seem to have the favor of the Chinese government, which guarantees them operations in one of the world’s largest crypto currency markets.
Tron wants to decentralize the content market by allowing content creators to be in control of their content, taking that power away from multinationals. Across the world, most content creators who make up Tron’s users are people between 18 and 35 years and China has a very big number of people in this demographic.
In specifics, there are around 400 million Chinese people within this demographic. Essentially this makes China a prime market for Tron (TRX), and as this coin becomes more visible to the masses, you can be sure that its value will skyrocket. In fact, on this basis alone, one can argue that TRX is undervalued, and that at current depressed prices; it is a perfect buy.
Now that we are in the clear that China is indeed on of the largest markets in the world for crypto markets, it is best to invest in a coin that aligns with its interests, and TRX does exactly that. A quick analysis of China will tell you that they prefer companies that give power to their people, over foreign businesses.
Tron seems aligned with this because it essentially takes the content market away from Apple’s Apple store and Google’s Google store. This aligns it perfectly with Chinese interests and gives it the stability it needs to grow in value in the long-run. On this basis alone, you are unlikely to here of any FUDs related to the Chinese government banning Tron (TRX).
Clearly, the Chinese connection is a good thing for Tron. This is one coin that could surprise many with exponential growth in 2018 and beyond!