Photo Credit To Geld Hoch2 Via Flickr
The world of cryptocurrency is one that has been met with a lot of skepticism since inception, and even more so, from notable people within the business industry. A lot has been said to discredit cryptocurrency in times past, however, regardless of what has been said, cryptocurrency has continued to enjoy some unprecedented growth, and even though it is not a mainstream technology to facilitate easy payments, a lot of businesses and companies have begun to adopt crypto for different purposes.
Warren Buffet Quotes & Crypto Beliefs
It is no news that in times past Warren Buffet has displayed his skepticism about cryptocurrency like Bitcoin, as he does not see any unique value in them, however, he agrees to the fact that blockchain technology has potential. Most recently, he referred to Bitcoin as “Rat Poison.”
Justin Sun Tron & Past Interests
In a recent development, Justin Sun who is the CEO of BitTorrent, and founder of Tron, tweeted that he had placed a bid worth $4.57 million to have lunch with the CEO of Berkshire Hathaway, Warren Buffet. The bid and lunch are all a part of a charity auction put up for the Glide Foundation- the auction is called “Oracle of Omaha”. The meeting between Justin Sun and Warren Buffer will take place in Manhattan, at Smith and Wollensky, and according to Sun, he intends to have the presence of 7 leaders in the cryptocurrency industry at the meeting.
Prior to the launch of Tron in 2017, Sun had early investments in bitcoin and Tesla, while he was getting his Master’s degree from the University of Pennsylvania. The launch of Tron saw the ICO raising more than $70 million, and it has continued to grow since then. Recently, he ventured into a unique tech system called “Peiwo” which is a social media platform that functions like Vine, and allows users connect with each other via audio samples that are not longer than 10 seconds.
According to Sun, he is looking forward to the lunch with Warren Buffet, not just because he is a huge fan of the Berkshire Hathaway CEO, but also because he hopes to use the opportunity to get mutual understanding that will foster growth. Warren Buffet is still of the opinion that cryptocurrency is what he termed as “rat poison squared”, and at a recent meeting, he said that placing wagers on Bitcoin was like going to a casino and betting on double-zero or zero while playing the Las Vegas roulette wheel.
However, according to the statement provided by the billionaire CEO, he expressed his delight at Justin winning the lunch bid, and is looking forward to having lunch with him and his friends, as well as have a good time while at it.
Perhaps, Justin Sun and the other leaders in the cryptocurrency industry may be able to change Warren’s perspective about cryptocurrencies, and win him over. There are different possibilities if a skeptic like Warren gets won over to the crypto community, that singular action can influence other skeptics to adopt the use of cryptocurrencies, and thus push for the adoption of cryptocurrencies.