{"id":19307,"date":"2024-12-08T13:40:39","date_gmt":"2024-12-08T11:40:39","guid":{"rendered":"https:\/\/forklog.com\/en\/justin-sun-reflects-on-early-crypto-days-bitcoin-at-1-and-free-doge\/"},"modified":"2024-12-08T13:40:39","modified_gmt":"2024-12-08T11:40:39","slug":"justin-sun-reflects-on-early-crypto-days-bitcoin-at-1-and-free-doge","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/justin-sun-reflects-on-early-crypto-days-bitcoin-at-1-and-free-doge\/","title":{"rendered":"Justin Sun Reflects on Early Crypto Days: Bitcoin at $1 and Free DOGE"},"content":{"rendered":"<p>Reflecting on the early days of his career, TRON founder Justin Sun shared insights about the cryptocurrency market in 2012 during a conversation with Mario Nawfal.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">JUSTIN SUN: &#8220;I BOUGHT BITCOIN AT $1 AND WORKED ON THE IDEA OF SMART CONTRACTS&#8221;<\/p>\n<p>\u201cI got into crypto in 2012, Bitcoin was less than $1. <\/p>\n<p>You could even buy Bitcoin from Taobao, an eBay e-commerce platform in China.<\/p>\n<p>Ripple Labs at the time, started a new company, a new token name\u2026 <a href=\"https:\/\/t.co\/j27tRQASr6\">https:\/\/t.co\/j27tRQASr6<\/a> <a href=\"https:\/\/t.co\/b1EnXVMO95\">pic.twitter.com\/b1EnXVMO95<\/a><\/p>\n<p>\u2014 Mario Nawfal (@MarioNawfal) <a href=\"https:\/\/twitter.com\/MarioNawfal\/status\/1865348371004735621?ref_src=twsrc%5Etfw\">December 7, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c[Back then] I was buying Bitcoin for $1 and working on the idea of smart contracts,\u201d the entrepreneur stated.\u00a0<\/p>\n<\/blockquote>\n<p>Sun also mentioned that the first cryptocurrency was even sold on Taobao, an eBay-like e-commerce platform in China.<\/p>\n<p>At that time, the future TRON founder joined Ripple Labs, where he worked on creating the XRP token. By 2014, Sun and his team focused on a new vision of blockchain technology that supports smart contracts.<\/p>\n<p>At the time, smart contracts were a completely innovative idea. None of the existing cryptocurrencies had implemented such a solution, but Sun believed in this feature and thought it could enhance the flexibility and use cases of blockchain.<\/p>\n<p>In 2015, Ethereum emerged, successfully raising funds through an ICO in which the entrepreneur participated. This confirmed his belief in smart contracts, and he began developing his own solution\u2014TRON.<\/p>\n<p>Sun also recalled losing &#8220;at least $50 million by sending DOGE to various people.&#8221;\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI had a lot of DOGE. Back then, we mostly saw Dogecoin as a joke. We sent DOGE to our friends for free. [\u2026] I gave away about 5-10 million DOGE to everyone I knew,\u201d he added.\u00a0<\/p>\n<\/blockquote>\n<p>Additionally, the businessman believes that NFTs are still &#8220;evolving,&#8221; comparing them to a recently purchased banana for $6 million. He plans to send Maurizio Cattelan&#8217;s artwork &#8220;Comedian&#8221; to Mars via SpaceX or gift it to Donald Trump.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI invest in many NFT projects. In crypto art, in all of this. NFTs are still fine,\u201d Sun noted.\u00a0<\/p>\n<\/blockquote>\n<p>In late November 2024, the TRON founder purchased 2 billion WLFI tokens from the World Liberty Financial crypto platform for $30 million. He became the largest investor in the project, which is associated with Donald Trump&#8217;s family.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reflecting on the early days of his career, TRON founder Justin Sun shared insights about the cryptocurrency market in 2012 during a conversation with Mario Nawfal. JUSTIN SUN: &#8220;I BOUGHT BITCOIN AT $1 AND WORKED ON THE IDEA OF SMART CONTRACTS&#8221; \u201cI got into crypto in 2012, Bitcoin was less than $1. You could even [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,99,1302],"class_list":["post-19307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-dogecoin","tag-justin-sun"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19307"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19306"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}