Justin Sun's Role as Advisor to Wrapped Bitcoin Backed by New Custodian
Finance

Justin Sun's Role as Advisor to Wrapped Bitcoin Backed by New Custodian

Robert Liu from BiT Global discusses Justin Sun's significant influence as an advisor in the Wrapped Bitcoin project, amidst ongoing scrutiny in the crypto space.

In an interview, Robert Liu, a director at BiT Global, emphasized the value Justin Sun adds to the Wrapped Bitcoin (WBTC) project.

  • Liu expressed that Sun has previously supported customers, showcasing his role as a reliable advisor.
  • The aim for WBTC is to significantly increase its circulation from nearly $10 billion to between five and ten times that, attracting buyers globally through a diversified custodial model.
  • Liu highlighted concerns over decentralized alternatives, stating accountability is crucial when things go awry, contrasting solutions that lack personal accountability.

"There's no accountability if something goes wrong. Those people don’t even go by their real names..."
(Translation: People using pseudonyms do not ensure responsibility.)

Liu concluded by reinforcing the importance of Sun's role and expressed confidence in the project’s strategic direction.

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