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Crypto Mogul Bets on ‘Meme Investing’ With Millions in GameStop

  • Justin Sun bought shares near peak of Reddit-spurred rally
  • CEOs should be more engaged with ‘their fan base,’ Sun says
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watch: Justin Sun, Tron founder and CEO, and BitTorrent CEO, discusses retail investing, crypto trend, as well as a Clubhouse-like app he is going to launch. (Source: Bloomberg)

Justin Sun, the 30-year-old crypto entrepreneur who bought $10 million worth of GameStop Corp. at the height of its Reddit-fueled rally, is predicting a paradigm shift in investing as younger people swarm into financial assets.

Speaking the same week Elon Musk announced he put $1.5 billion of Tesla Inc.’s cash in Bitcoin, Sun said that a new type of internet-driven investing would benefit cryptocurrencies as well as shares of companies that are able to understand and latch onto “meme culture.”