TRON Founder Justin Sun (Brother Sun) recently appeared on the Forbes magazine cover, hailed as a "Billionaire Leader in the Crypto Field". This morning, Justin Sun also tweeted to express his excitement, stating:
I'm on the Forbes cover. The last time a Chinese person was on the Forbes cover was during Jack Ma's era, and coincidentally, it's on the same day as Lakeside University's tenth anniversary. I haven't let these ten years down!
From a dreamer entrepreneur to a global influential leader, I'm honored to be recognized by Forbes as the "Billionaire Leader in the Crypto Field". TRON's journey continues, and we will continue to build a global payment system serving 300 million users and continuously expand our user base. Decentralization will ultimately prevail!
Crypto Figures on Forbes Cover, Will the Market Crash?
However, there's an unwritten legend in the crypto market that whenever a crypto figure appears on the Forbes magazine cover, the crypto market is likely to crash soon. To verify this rumor, BlockTempo has compiled the Bitcoin trends of crypto figures who have been on Forbes covers from 2017 to now:
February 8, 2018: CZ
The first crypto figure on the Forbes cover was Binance founder CZ. At that time, Bitcoin was at a periodic bottom after the 2017 bull market, with a price around $7,600. Although it rose to $10,000 in late February, Bitcoin still crashed to a low of $3,156 in December 2018.
March 3, 2020: Coinbase Founder Brian Armstrong
Brian Armstrong appeared on the Forbes cover on March 3, 2020. Shortly after, the global financial market experienced the pandemic black swan event on March 12, with Bitcoin crashing from around $9,000 to a low of $3,782, a drop of 58%.
October 8, 2021: Bankrupt Exchange FTX Founder Sam Bankman-Fried
We know the last bull market ended in November 2021, and SBF appeared on the Forbes cover just a month before the market's end.
January 30, 2025, MicroStrategy Founder Michael Saylor
Michael Saylor appeared on the Forbes cover shortly after the Trump inauguration. Looking at the Bitcoin price chart, it was near a recent high point, and Bitcoin subsequently dropped by nearly 23%.
March 28, 2025: TRON Founder Justin Sun
After Justin Sun appeared on the Forbes cover, Bitcoin continued to drop from $87,200 to $85,211, a decline of 2.49% in the past 24 hours.
Statistics show that the time intervals for Bitcoin's decline after these crypto celebrities appeared on Forbes covers vary from a week to several months, so the market rumor is not entirely true. However, some investors view a crypto figure's Forbes cover appearance as a sign of a short-term market peak and use it as a reason to clear part of their positions. Therefore, this rumor still has some reference value.
