TRON founder Justin Sun said Forbes and Bloomberg have undervalued his cryptocurrency holdings by 70% to 80% when calculating his net worth. Forbes currently estimates Sun's net worth at about $8.5 billion. Sun's comments highlight the conservative valuation methods traditional financial media use for crypto assets and the cognitive differences in mainstream wealth statistics.
Justin Sun, the founder of TRON, says Forbes and Bloomberg cut the value of his crypto holdings by 70% to 80% when estimating his net worth. His point was blunt: those traditional financial outlets are putting his actual wealth far too low.
Forbes had previously placed Sun's net worth at about $8.5 billion. Sun's comments highlight the cautious way mainstream media values crypto holders and the gap between crypto wealth and conventional finance. Cointelegraph first published the report.
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