HTX, a leading global crypto exchange, made its presence as a sponsor at Bitcoin MENA 2024 in Abu Dhabi, held on December 9-10 (UTC).
As the inaugural major global cryptocurrency event in the Middle East and North Africa (MENA) region, the summit attracted many prominent figures, including Eric Trump, the second son of President-elect Donald Trump; Binance founder Changpeng Zhao (CZ); Marwan Alzarouni, CEO of Dubai Blockchain Center. The event provided a platform to explore the future of cryptocurrencies and discuss key industry opportunities.
Justin Sun, Global Advisor of HTX and Founder of TRON, and Charmaine Lim, Head of VIP Client Services at HTX, also attended the summit and spoke about the current state of the cryptocurrency industry and future trends. Their participation underscores HTX’s focus on the MENA cryptocurrency market and signals its commitment to deepening its global strategy. Meanwhile, by collaborating with global crypto entrepreneurs and communities, the exchange aims to accelerate the widespread adoption of cryptocurrencies.
At the “The Great Debate: Bitcoin vs. Crypto” session, Justin shared his insights on the relationship between Bitcoin and other cryptocurrencies. He noted that Bitcoin’s core narrative is its role as a store of value, emphasizing the importance of security and decentralization to reassure its holders. As such, the best approach for Bitcoin is to maintain its current status. This might limit innovation but ensures stability. To pursue innovation and explore cutting-edge consumer technology, people can do so through other blockchains and cryptocurrencies.
Justin attributes Bitcoin’s breakthrough of the $100,000 mark to advancements in cryptocurrency technology. He explained, “Tether once issued stablecoins on the Bitcoin Omni Layer, but the platform’s slow transaction speeds hindered its growth. However, USDT on TRON enables instant transactions, meeting the needs of users. Technological advancements have also benefited Bitcoin. The growing popularity of stablecoins has led to increased capital flowing into Bitcoin, further solidifying its role as a store of value.”
“Every cryptocurrency holds its significance. Take Ethereum or TRON for example. Their value is easy to understand because millions of people use them daily. Then there are meme coins, whose value might not be immediately ap
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