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JP Morgan Precious Metals Market Revealed To Be Fixed

JP Morgan Chase, one of the biggest banking institutions in the world had to face rounds of mockery from the bitcoin community this week after it was revealed that traders had committed market fraud.

Bloomberg reports surfaced yesterday that the financial giant is facing an inquiry over the behaviour of at least a dozen precious metal traders.

Investigators on the case have said that employees willfully got involved in price-fixing of precious metals on thousands of occasions. As a result, both market members and clients of JP Morgan’s experienced losses.

Assistant Attorney General Brian Benczkowski was quoted as saying:

“Based on the fact that it was conduct that was widespread on the desk, it was engaged in thousands of episodes over an eight-year period… We’re going to follow the facts wherever they lead, whether it’s across desks here or at any other bank or upwards into the financial institution.”

As many of you will know, JP Morgan is one of the biggest firms in the world and as it happens, it is one of the biggest crypto naysayers out there. Jamie Dimon, the CEO of JP Morgan is known to be a bitcoin skeptic and has even called the leading cryptocurrency a ‘fraud’.

How the tables turn…

Since then though, Dimon has seemingly had a change of heart and has not talked about bitcoin in public since and even denied saying such things in the past.

JP Morgan has been rumoured to be releasing its own cryptocurrency dubbed JPM Coin and since the announcement, nothing much but criticism and technical characteristics have been addressed.

The ‘Rhythm’ twitter analyst summed up the precious metals fiasco by saying:

“They were charged with wire fraud, bank fraud, and market manipulation. But I was told by the CEO that Bitcoin is the fraud.”

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Tron

TRON’s CEO Justin Sun Reveals Two Of The Cryptocurrencies He Holds And They’re Quite Surprising

Justin Sun, the founder and CEO of TRON blockchain, told CNN’s Julia Chatterley during a new interview that he is a long term believer in cryptocurrencies. He said he is very bullish on Bitcoin and also holds significant investments in other digital assets, including Ethereum (ETH) and Ripple (XRP). 

Justin Sun Doesn’t Hold Fiats

While many would easily think that Justin Sun is only interested in TRX, the native token of the TRON network, he revealed that he has been holding a diversified portfolio for many years. The young CEO said he had converted all of his assets to digital currencies since 2013, and only exchange his crypto to fiat whenever he needs to spend money in his daily life. 

When asked about some of the other crypto investments he has, Sun mentioned that he owns “a lot” of XRP, ETH, and other cryptocurrencies because he believes in the crypto industry. 

“I’m a long term believer of the crypto, so I want all the crypto assets to succeed. That’s why I own a lot of other different cryptos as well,” he said enthusiastically.

His interest and investment in other digital currencies, especially ETH, is commendable considering that both he and Vitalik Buterin, Ethereum’s co-founder are fond of openly bashing each other’s projects. Sometime last year, Justin Sun mocked Ethereum’s poor performance, saying that the crypto community is not impressed. 

It’s also worth noting that Sun didn’t choose to reveal whether or not he owns Binance Coin (BNB). This is curious, given the fact that he has been praising Changpeng Zhao and his work notably.You Might Also Like:

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Bitcoin Will Surpass $100k by 2025

No interview with a cryptocurrency influencer will be complete without asking them their opinion on market prices. Chatterley asked Sun to share his views on what he thinks would be the price of Bitcoin in the long run. Giving his prediction, the CEO said he is quite sure that BTC will surpass $100,000 by the end of the next four years. 

“I definitely believe Bitcoin will pass $100k in 2025. I believe maybe we can even achieve this price before 2025,” he predicted while adding that a lot of other major cryptocurrency projects like TRON, Ethereum, and XRP will enter into a bull market as well. 

Warren Buffett is Open to New Technology 

Justin Sun, during his long-awaited cryptocurrency meeting with American billionaire investor, Warren Buffett, was able to make Warren see the potentials of the blockchain technology. However, the business mogul still holds his stance that Bitcoin has no value, even though Sun gifted him some BTC and TRX. 

The 29-year-old CEO further revealed that Buffett advised him to be cautious with investments if he wants to survive in the capital markets for over 60 years. 

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Tron

Tron CEO Justin Sun Says He Holds Large Stacks of Ethereum and XRP, Reveals Bullish Bitcoin Price Prediction

Justin Sun is bullish on Bitcoin, XRP and Ethereum.

In a new interview on CNN, the founder of Tron, a billion-dollar decentralized blockchain platform, says he owns a diversified crypto portfolio.

“Basically, I’m a crypto believer, so I converted like all my assets in 2013. These days I only exchange the crypto to fiat if I need to spend money in my daily life… I own lots of the XRP and the Ethereum too. I’m a long-term believer [in] crypto, so I want all the crypto assets to succeed. That’s why I own lots of the other different cryptos as well.”

Sun is also offering his views on the price of BTC in the long run.

“I definitely believe Bitcoin will pass $100k in 2025. I believe maybe we can even achieve this price before 2025. At the same I time, I believe lots of the other cryptocurrency projects, like Tron, like Ethereum, like XRP – I believe all [these] projects will also get into a bull market as well.”

Sun says the Tron blockchain is an alternative to iOS and Android operating systems and offers users privacy advantages.

“In the decentralized ecosystem, we are just the system builders. We don’t control any user data. Privacy is all preserved by users themselves.”

The Tron founder finally sat down with legendary investor Warren Buffet in early February. Sun won a lunch date with Buffett last year after placing the winning bid for Buffett’s annual charity auction. Sun says Buffett accepted his crypto gift of BTC and TRX, although he did not give him ETH.

“Basically, Warren Buffett is a Bitcoin holder now.”

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Future Forecast For Tron (TRX) Price Prediction 2020 | 2025 | 2030

In this article, we will cover our own and market’s opinion on TRX future while discussing Tron price forecast for 2020 and beyond.

After a tough year behind crypto, 2020 will be crucial for many projects, including Tron. That is why TRX price prediction 2020 is hard to make but we gave it a shot anyways.

Now, let’s begin.

Content

Captain Altcoin’s TRX Price Prediction for 2020

TRX, as the rest of the market, is tied at the hip of bitcoin’s price action. We will prove this claim in the following paragraphs of this Trx price prediction guide. If bitcoin embarks on another bull run, TRX can hope for one as well.

Since a strong Bitcoin move in 2020 is very likely, we can expect some swings and moves upwards by TRX as well. So 2020 will be a year of potential big moves (more likely upwards) and we can see TRX at least doubling its end of 2019 price value.

Of course, we speak about TRX price denominated in USD. In terms of its BTC value, it is more likely that BTC will outperform it and TRX will be worth less Satoshis by the end of 2020.

TRX-BTC Price Correlation

The vast majority of trading that occurs in the crypto markets are between BTC and altcoin trading pairs. Since most altcoins do not pair with fiat currencies (and only a few are paired with stable coins like USTD), Bitcoin is the next best option. Therefore, when Bitcoin is stable, it forms as the ideal base currency for buying altcoins (which is why altcoins tend to do well when Bitcoin goes sideways).

Correlation is measured on a scale from -1 to 1. Values above 0 shows the degree to which altcoin is moving in the same direction as BTC prices (either up or down in tandem), and values below 0 shows the degree to which altcoin moves in the opposite direction of BTC prices (so when BTC goes down, altcoin goes up, or vice versa). Values around 0 shows that when BTC price moves, altcoins stays steady, or alternatively that when altcoin moves up or down that the BTC price is staying steady.

According to the correlation analysis, BTC and TRX have a strong negative relationship. The correlation coefficient of their values is -0.61, which was calculated based on the last 100-days’ price movements of both currencies. This means that TRX has been decoupling from BTC in recent months but it is still far from being considered autonomous in price discovery. Our abovementioned analysis about BTC’s impact on TRX price movements still stands.


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To summarize, Bitcoin is the focal point of the crypto market in many ways, and with BTC trading pairs on every exchange, the gravity of Bitcoin is hard to evade.

To continue our Tron price prediction, we can safely claim that the majority of projects will fail — some startups are created just to gather funds and disappear, some would not handle the competition, but most are just ideas that look good on paper, but in reality, are useless for the market. 

Vitalik Buterin, co-founder of Ethereum said:

“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”

As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will TRX be among those 5%? Hard to tell but probability for that is very low as TRX has been in the media more for its founder’s marketing prowess rather than their technological or business achievements. Generally, Tron is not seen as a legitimate project by majority of leading figures in crypto space and Justin Sun is not seen as a peer of Vitalik Buterin or Bitcoin’s core developers and is dismissed as an incompetent charlatan.

Market Forecast for Tron price 2020

With the market being unpredictable and highly volatile, predicting the price of the cryptocurrencies is really one of the most difficult tasks.

Let’s throw a glance at couple of their predictions regarding Tron price prediction, which will give us a fairer idea:

#1 Investing PR

According to investingpr and their Tron price forecast, Tron might rise to $1 only in five years, and that sounds like a  realistic and conservative prediction.

#2 JioMobilePhone1500

According to jiomobilephone1500, they predicted (and completely failed in their forecast) that Tron might go up as much as $5 by 2020 end as they believed 2020 was going to prove favorable for it. They added that by 2020, they believe TRX might reach around $47. This is a completely non-sense in our opinion.

#3 More investors

Another failed prediction as they forecasted that by 2020, Tron would grow to as high as up to $1.5 per coin. They made no prediction for 2020.

#4 CoinTame

Cointame gave a very conservative pessimistic prediction of Tron, wherein they stated that in 2020, TRX might reach $0.633 (another missed prediction), and might touch $1 by the end of 2020 (highly unlikely).

#4 WalletInvestor

Their automatic trading alorithm is not too found of TRX as they see the token price sliding constantly throughout the year to the price of $0.0249 at the end of 2020.

Can Tron reach $1?

Some media publications claim that Tron price can reach $1 in less than 5 years while also forecasting that by the end of 2020 it may reach $1. We utterly disagree on this Trx price prediction and think that TRX will hover around the same values it does right now.

Will Tron go up in 2020?

While the Tron ecosystem has grown, populated mostly with scammy low-quality gambling dApps, we have stated multiple times in this TRX price forecast that we don’t see much of substantial progress that would in return push the TRX coin price up. TRX is bound to stay below $0.020 for the forseeable future.

Is Tron a good investment?

No.

It still only has speculative value that is diminishing as the market matures. The whole ecosystem is lead by unproven people and it will be a real wonder if TRX survives the next 5 years.

Does Tron have a future?

Short-term, yes. It has some speculative value and potential for couple of more pump and dumps but that is far from being solid foundation for a stable future.

What is happening with Tron?

It is suffering from market maturing. Investors are coming to their senses and the whole crypto market is getting more professional with research tools and agencies that help buyers determine actual value of a project by eliminating fluff and hype. Tron was mostly fueled by the aforementioned market forces whose strength is diminishing with time and the end result is what we have today: Tron is stuck and out of spotlight.

Why is Tron going down?

When the market turns bearish, investors run from the smaller, riskier assets into bigger, safer zones. In crypto that means, that people sell their altcoins and buy stablecoins like Tether, or park their money in BTC. Tron and similar projects are seen as a risky vehicle for quick gains – noone in their right mind would keep larger sums of money in such token.

Why is Tron going up?

When the market turns bullish, investors try to outperform bitcoin by buying riskier altcoins in the hope to hit a moon run and earn a lot of money in short time. So it is usually based on speculation which is often fueled by fake partnerships or baseless hype about some minor happening or technical improvement.

They then lock the profits by selling those altcoins and buying back bitcoin or some other legitimate token. Or they simply cash out and treat themselves with some nice gift. Only fools stay and hold tokens like TRX for long-term.

Tron price prediction 2023

As you could have read from our comments above, we highly doubt Tron will be around in 3 years. The project is simple copycat with flawed design, run by incompetent people. They hit the market in the right time, during the crypto craze which spawned thousands of scammers that got rich and disappeared with their nonsensical projects and tokens.

Tron price in 2023 – $0.

Tron price prediction 2025

Read the paragraph above – it won’t be alive in 5 years, hence the price will be a nice, round $0 per TRX.

Tron price prediction 2030

In 2030, Tron will be a distant memory for many, while Justin Sun will be either in jail or in some other scammy project.

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