Not so long ago, we talked about Tron blockchain CEO, Justin Sun, and the bid he won to have lunch with billionaire investor Warren Buffet. Sun paid $4.75 million to set the table rolling. The news got people talking, as people made different comments about how the crypto sector functioned, while attributing the spending within the crypto community to ridiculousness.
It sounds quite ridiculous to learn that one person paid as much as $4.75 million to eat and discuss for some hours with someone, and even more so, with someone who is not fund of Bitcoin and cryptocurrency, as it is on record that Buffet referred to Bitcoin as rat poison. However, we may need to pay attention to the real event, which is the coming of two very different representatives from the investment sphere, to have a discussion over a meal. It speaks volumes for the crypto community, as one way or the other; it will cause a lot of publicity for both Tron and the crypto community. Hence, there is a lot of significance from this expensive lunch, and we can only hope for the best results from the meeting.
Warren Buffet Company
It may interest you to know that Warren Buffet is Berkshire Hathaway CEO, and his company has more than $700 billion worth of assets, while also having sizable enterprises in transport, insurance, and consumer goods. His portfolio speaks volumes, as he has minority holdings in popular companies like Wells Fargo and Coca Cola, an equity portfolio, and more than #110 billion in cash. He has shares in Apple and has something with Amazon. His net worth plus his other investments has made him one of the world‘s richest men. While he is a veteran investor, he has made it clear that he does not put his investment into businesses that he does not understand.
On the other hand, there is Justin Sun who represented Ripple at some point, and is currently the CEO of Tron. He has been able to build something with the blockchain, and so far, it has been successful. However, the use case of Justin’s Tron majors on gambling, and that is one thing that Buffet has openly made known his displeasure. Regardless of that, Tron TRX has been able to get a liquid market capitalization of more than $2 billion.
Justin is bringing 7 of his blockchain and crypto buddies to lunch with Buffet, and since the announcement of the news, Sun’s name has been in the news alongside Buffet, and that translates to better publicity for Tron, hence, a good part of the crypto community and the world population have increased their interest in both men and their ventures.
It is not likely that Buffet will suddenly become a crypto-lover that would also want to invest in crypto; however, it will boost Buffet’s image and reputation as a generous and gracious person, because the money is going to charity. Hence, it is safe to say that this rather expensive lunch may turn out to be a good marketing strategy for both investors.