Sun Yuchen explains the reason for buying $6.2 million worth of bananas: art inspires people to think, just like Bitcoin, which is determined by consensus.

Previously, Tron founder Justin Sun publicly consumed a $6.2 million banana artwork at a media event, and on 12/4 explained why he spent a huge sum to purchase such a 'conceptual artwork.' He also stated that in the process of contemplating art, he would continuously raise questions, leading to the value of the artwork being no longer controlled by cost, similar to 'Bitcoin'.

Before buying, I had many doubts

"Will this banana go bad? What should I do if this banana goes bad?" Sun Yuchen admitted that he asked the same questions as ordinary people. Netizens also commented on his behavior, even asking him, "Did you intentionally take this work to get followers and gain some promotion?" But Sun Yuchen said that was not his intention. He did not even expect this thing to be so popular. He also said that it was not the most expensive artwork in his collection, but it caused the most sensation.

Explain the purchase of the most ordinary banana artwork

"To be honest, I didn't particularly want to buy it at first, at least not with the determination to get it." Sun admits that he really lacked interest in the artwork, but then he did some homework on the artwork before slowly changing his opinion.

"I understand that the value of traditional art is often closely linked to tangible factors such as techniques, materials, and history. However, conceptual art subverts this logic by making the concept itself the core of art. A banana stuck on the wall seems unremarkable in terms of materials, but it forces us to consider what constitutes art." Sun Yuchen believes that the essence lies not in the wine, and tangible factors are not the focus; the focus is on the "concept."

The common link between bananas and BTC

Then Sun Yuchen connects 'conceptual art' with 'BTC'. '80% of the people at Sotheby's came to see the bananas, but I think it's similar to BTC. Maybe 50 cents or $100,000 per BTC is reasonable, and the price fluctuation in between is very large. And they are both considered a very novel concept. In the future, I think it's reasonable for bananas to be valued at $150,000, $6.2 million, or $300 million.

"Art. It doesn't give answers, but constantly raises questions. And this process of constant questioning, precisely makes its value like Bitcoin, no longer limited by costs, but entirely determined by ideas and Consensus." Sun Yuchen believes that perhaps this is the art of the next generation."

(Sun Yuchen eats $6.2 million worth of bananas: claims they taste better than other bananas, announces free distribution of 100,000 bananas worldwide)

This article explains why Sun Yuchen bought $6.2 million worth of bananas: art inspires people to think, just like Bitcoin, which is determined by consensus. It first appeared on Chain News ABMedia.