New allegations have been made about which investment companies the founder of the Tron (TRX) project, Chinese crypto billionaire Justin Sun, keeps his wealth. According to media reports, the crypto phenomenon is keeping most of its investments in traditional asset management company Valkryie.
After the rumor circulating in news agencies, there was a discussion on social media about “why a crypto billionaire is investing his assets in traditional finance”. It’s not the first time that recent posts have revealed Sun’s affiliation with Fidelity.
Recently, a spokesperson for the Tron founder confirmed that Justin Sun holds $500 million of his fortune in Valkryie. According to the spokesperson, Sun wants to keep some of its assets in US-based companies.
Valkryie Almost Works For Him!
According to the claim, 90% of the total investment in the crypto part of the asset management company belongs to the founder of Tron. So fund managers almost exclusively manage Justin Sun’s assets. Starting from this point, some experts mentioned that Sun may have tried to mask the level of institutional demand in crypto.
However, those who remain optimistic in the crypto community believe there is a logical explanation for this. On the positive view, Sun is trying to keep his assets away from the oppressive government, as he is a former Chinese citizen.
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