Warren Buffett is one of the best-known crypto skeptics today. However, according to recent development, that might change very shortly.
According to TRON (TRX) founder and CEO, Justin Sun, the young entrepreneur recently won a lunch with Warren Buffett himself, in an auction going towards the GLIDE charity. Sun won the opportunity to meet with the influential skeptic for $4.6 million, and he now has an opportunity to invite as many as seven guests who would attend as well.
I officially announce I’ve won the record-setting 20th-anniversary charity lunch hosted by @WarrenBuffett. I’ll also invite #blockchain industry leaders to meet with a titan of investment. I hope this benefits everyone. #TRON #TRX #BTT #BitTorrent pic.twitter.com/EMZ4TMhgpR
— Justin Sun (@justinsuntron) June 3, 2019
Sun invites biggest crypto industry names to accompany him
As expected, Sun created a team of the most influential names in the entire crypto industry. His picks include Ethereum’s co-founder, Vitalik Buterin, Litecoin’s founder, Charlie Lee, as well as Binance’s CEO, Changpeng Zhao, also known as CZ.
Sun’s announcement came after an entire week of various teasers, where he kept promising ‘something amazing’ in the near future. The reveal of what his surprise actually is sent TRX and BTT prices to the moon. This is hardly a surprise since Sun was always more than capable of making a spectacle and building up hype. He invented a new level of using the publicity for pumping up his product, and he does it very well. Some of the largest news media outlets, such as The Wall Street Journal, Bloomberg, and even CNBC are covering the event, which will likely attract even more people to TRON project.
As mentioned, Sun has the opportunity to invite up to seven other guests to attend his meeting with Buffett, and he chose some of the biggest industry leaders from around the world. These are to include opinion, exchange, and mining leaders, who are very likely to try and convince Warren Buffett why he is wrong about digital currencies.
The responses have already started arriving, and CZ had decided to decline the opportunity, as the meeting is in New York City, which is ‘too far’ for him to make it. However, he did suggest his replacement — a well-known Bitcoin bull and investor, Anthony Pompliano.
.@justinsuntron kindly invited me to go, but I can't make it. Too far. I guess that's like turning down $1,000,000, assuming 5 guys going, lol… But very much appreciated.
I would totally recommend inviting @APompliano.
Couple other thoughts: https://t.co/igVo03Ifzu
— CZ Binance (@cz_binance) June 4, 2019
Why does Sun hope to achieve?
Since the big revelation, Sun explained his motives for bidding on the lunch with Buffett. One of the reasons why he decided to do it is the fact that he is a ‘longtime believer’ in Buffett’s value investing strategy and methods. Buffett actually inspired Sun, according to the young entrepreneur, and he made a large part of his fortune thanks to Buffett. Now, Sun sees this lunch as an opportunity to give something in return.
However, his biggest reason is to try and become a bridge between crypto and institutional investors, such as Buffett himself. Sun believes that Buffett lacks a proper source that would point out the real abilities and possibilities of crypto and blockchain. He also thinks that the media is highly misleading, and that misinformation plays a large role in forming Buffett’s stance towards crypto.
The industry is only 10 years old, but it made a lot of progress, and the very fact that companies like Facebook and JP Morgan are joining in is proof enough of that. Of course, Sun does not expect to change Buffett’s mind within three or four hours that they will spend having lunch. However, he will try to offer a different opinion and an alternative view on crypto.
Sun actually believes that it is very unlikely that Buffett will ever change his mind. But, he is still willing to help him understand what new generations are up to, and what the future can be like if blockchain and cryptos enter the mainstream.