Cryptocurrency and Adoption in 2021: “Are we ready?”

In a three-word tweet on Jan. 3, Tron founder Justin Sun poured gasoline on the fire started by Bitcoin’s recent price explosion.

Are we ready?” Sun asked his 2.1 million purported followers.

The question, which didn’t have anything to do with Bitcoin itself, amounted to a classic Sun announcement of an upcoming announcement, but the question was timed perfectly considering the current state of both blockchain and cryptocurrency.

Sun’s follow-up announcement was two-fold:

  1. Tron has formed a partnership with the National Development and Reform Commission of the People’s Republic of China.
  2. Sun has been appointed to a term through Dec. 31, 2021, as an editorial board member of Information China – a journal of the National Information Technology Commission.

The NDRC, according to a press release, is working officially with Sun and Tron “to help advance China’s blockchain technologies.”

With the Information China board appointment, Sun has now positioned himself and Tron, for a full year, “as advisors to China national authorities and promote the development of China’s information industry from the blockchain field.”

In other words, Tron is locked in as an advisor with the Chinese government as its president, Xi Jinping, voices consistent support for advancing blockchain tech and business.

This is the beginning of real adoption.

It isn’t a fringe-y product or shady white paper hoping someone will notice. It isn’t a core group of 15 people believing that their littering your social media timeline with “Moon!” messages is adoption. It isn’t staring at an exchange every day and hoping more investors magically walk into the room with pockets full of fiat. It’s not some cheesy, desperate airdrop of unheard of coins that amount to 10 cents (or less).

It is the beginning of real use case for blockchain crypto. Implementation of blockchain tech on a large scale in a way that seamlessly invites users to find a quick transactional and/or developmental solution. In so many ways, it is real 4D chess when you consider all of the moving pieces through creation, acquisition, and positioning in the past three or four years by Sun.

None of this is to say you have to like Justin Sun or like how he prefers to market his product. It is to say his approach has matured over the last couple of years, even if he still has his cheesy moments. It is also to say his product has matured to a level that one of the largest countries in the world has chosen it as a map and tool for future development.

Other blockchains should take notes because just getting a coin listed on an exchange isn’t going to cut it for much longer. Those who provide a tangible, long-term solution will win out, and those left standing will have an entire global audience.

So, Sun’s question … who was it really for? The blockchain companies and projects who need to be in position to flip their switches? For those investors who have nervously waited for years? Or, for the public who has no idea what has been building?

Doesn’t really matter, does it. Point is … everybody interested in seeing blockchain and crypto adoption should be asking:

Are we ready?”