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Justin Sun Buys A $4,567,888 Lunch With Buffett

Mo Chou by Mo Chou
June 8, 2019
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Justin Sun Buys A $4,567,888 Lunch With Buffett
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(BlockBar) On June 4, Tron Founder Justin Sun officially announces that he has successfully got the opportunity to have lunch with Buffett at 20th Charity Anniversary with a record-breaking amount of $4,567,888 million. Therefore, he becomes the fourth Chinese to have lunch with the God of stocks and also the youngest bidder in the history of Buffett’s charity lunch auctions.

On June 1, Sun tweeted on Weibo (Chinese social app) that he had “done a great thing and would announce it three days later”. However, later this day, netizens commented, “Don’t be three days later. We all have already known that you bought Buffett’s lunch.” On June 4, on the certified microblog, Sun wrote: “I officially announces to you that I have successfully filmed Warren Buffett’s 20th Anniversary Charity lunch for a record $4,567,888. I have always been a long-term believer in Buffett’s value investment concept. At the same time, I hope to invite famous people from the block chain industry to communicate with Buffett, so as to enhance the understanding and friendship between top traditional investors and digital currency. I believe that the whole industry can really benefit from the lunch! ”

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However, It is well-known that Buffett is very disgusted with the Bitcoin and has bombarded it many times. In an interview with CNBC in February, Buffett said that the encrypted currency had no unique value at all and it was basically an illusion. He also said that Bitcoin only attracted cheaters. What’s more, Buffett believes that although the technology block chain behind Bitcoin is important, the success of this technology does not depend on encrypted digital money. And also, virtual money, unlike land or corporate stocks, is not a value-added asset, that is why the value of virtual money depends on the number of people’s access to the industry. In conclusion, investors’ demand for virtual money is the only factor that will affect the pricing, which makes digital money an expedience for “cheaters”.

Despite Buffett holds the absolutely apposed ideas, Sun is very confident about it. He issued an open letter to the TRON community (the exchange community of investors holding TRON currency), saying that through proper understanding and communication, Buffett would change his general position on encrypted currency and block chains and finally make a cooperation with him.

However, it actually remains to be seen that whether this high-priced lunch will be a promotion of the virtual currency circle or end in bleak. But what is certain is that this gimmick really played an amazing marketing effect.

Mo Chou

Weekend is the most representative female writer in the blockchain industry. She is known for her keen news capture ability and is good at English writing of blockchain news in the Chinese region.

Tags: charityfounderjustin sunlunchtrontrxwarren buffet
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John Danie is a highly experienced marketing strategist and businessman in the blockchain industry who likes the pace of the development of cryptocurrency, especially in blockchain technology where it can move so fast. Being a fintech writer and crypto reporter with a fascination for tech and a passion for starting interesting conversations, he seeks to create authentic news stories in the industry.

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