Sun Yuchen told Swiss media Bilan that the bear market will not last long

In recent days, , Famous Swiss business media Bilan Interviewed the wave field TRON Founder sun Yuchen , And released 《 Sun Yuchen ： A bear market won't last long 》 Reports of . Sunyuchen said in an interview that , It will take time for the market to regain confidence , But a bear market won't last long .

According to the organization of Eastern Caribbean States （OECS） Official news ,6 month 12 solstice 6 month 17 Japan , Sun Yuchen is the permanent resident of Grenada WTO representative 、 Ambassador extraordinary and plenipotentiary , As the head of the delegation, he attended the WTO The first 12 The second ministerial conference （MC12）. Sun Yuchen said in his speech , E-commerce and even digital economy include blockchain , It is the next frontier to accelerate global economic growth and development .

Here are Bilan The full text of the report ：

In the context of the greatest market pressure , The wave field of blockchain projects that have attracted much attention TRON Sunyuchen, the founder of the company, keeps everyone confident . He believes that compared with 2018 The bear market of , This time the market will recover faster .

He is stationed in Grenada WTO Ambassador , But the first is the global blockchain star . Due to the wave field TRON Of TRX Perform well in the market , Sunyuchen stood out under the overall downturn of cryptocurrency market . stay 2022 year , Wave field TRON It even shows contrarian growth , Have more than 9800 ten thousand （ After the release of the report, the breakthrough has been made 1 Billion ） user ,33 Billion transactions and 78 Total lock up value of US $100 million .

Sunyuchen also has to notice , around Defi And the doubt of a stable currency is hitting people's confidence . stay Luna And its UST After the collapse of stable currency ,TRON Of USDD There have also been fluctuations in the past month . Despite a string of worrisome news , Among them is Celsius The bankruptcy of , But Sun Yuchen was very calm , He doesn't think that the bear market of cryptocurrency will be like 2018-2019 As long as years .

Bilan： stay Luna The stable currency UST After collapse , Your stable currency USDD, The benchmark against the US dollar fluctuates , Is the situation under control ？

Sun Yuchen ： Benchmarking against the US dollar 2.5% The difference of , I wouldn't call it depreciation , appear +5%/-5% The range is acceptable fluctuation . The Federal Reserve of Poland has also increased its mortgage asset reserve , at present USDD The mortgage rate of exceeds 320%. These assets consist of more than 10 Billion USDC,1.4 Billion USDT,100 Billion TRX, And over 14000 individual BTC form . Therefore, the scale of mortgage assets of the Federal Reserve of Poland has reached 24 Billion dollars , and USDD It is still being issued in a prudent manner , So far only 7 A circulation of 100 million pieces .

Bilan： Yes USDD And TRON repeat UST and Luna There are still concerns . Especially when you are Luna After the event started , Released with Luna founder Do Kwon Identical tweets , Is this action intentional ？

Sun Yuchen ： Yes , It's a joke , A similar " Cryptocurrency memo " Things that are . It should be noted that ,USDD And UST The situation is very different .Luna The circulation of is growing too fast , And they did not solve the actual problems . You can put Luna Think of it as a freely printed central bank , And the Federal Reserve of Poland has a more rigorous monetary policy .Luna Like the Central Bank of Zimbabwe , And we are like the Central Bank of Japan .

Bilan： Some people doubt your ability to maintain USDD Of 40% The rate of return of .

Sun Yuchen ： We are continuously investing resources to support USDD. What the Fed is doing , No less than a central bank that stabilizes the value of money under market fluctuations . Of course , It doesn't mean that USDD The yield will always remain at this level , We will adjust our strategy as the situation develops .

Bilan： Since last year 11 Since the peak of the month , The cryptocurrency market has shrunk by nearly 70%. What makes things so bad ？

Sun Yuchen ： The spread of panic in the market is still a major risk factor . Cryptocurrency, as an asset class, is still closely related to the global macroeconomic environment . The decline experienced in recent months is part of normal volatility .

Bilan：stETH And ETH Take off the anchor , Lead to Celsius Bankruptcy of the platform , Sanjian capital is also in trouble , Should we worry about the snowball effect in the market ？

Sun Yuchen ： Three arrows capital 、Luna、Celsius, These events led to the loss of market confidence and a lot of panic . The situation is somewhat similar , Many people should remember ,2008 The collapse of traditional finance in was related to the liquidation of participants , Everyone is wondering what the next bankruptcy will be . Just stETH for , I think they will take measures to solve this problem . One thing is for sure , At present, everyone in the market is very anxious , Anxiety is a double-edged sword . One side , We can learn from it , Can improve , Better companies and projects can therefore stand out . On the other hand , It can also cause a good project to suffer a heavy blow in panic .

Bilan： You think the market has hit bottom , Whether there will be something like 2018-2019 There was a two-year winter of cryptocurrency as in ？

Sun Yuchen ： We should not be far from the bottom . The present situation is also related to 2018 Different years , After so many years of development , Blockchain and cryptocurrency are gradually accepted and adopted all over the world . In the end soon WTO MC12 On , I emphasized this point . This is the main trend of the times , Is unstoppable . Of course , It will take some time to restore market confidence , But the bear market will not be the end .