On May 31st, 2019, Warren Buffett, the head of Berkshire Hathaway hosted a charity auction for GLIDE. Participants that attend the charity event, bid to have lunch with Warren Buffett. The proceeds are donated to the Glide Foundation, a charity for helping homeless people.
Justin Sun, founder of the cryptocurrency platform TRON bid a record-breaking $4,567,888 to have lunch with Warren Buffett. Sun, is also the CEO of BitTorrent, acquiring the platform May last year for $140 million.
I thought it would be interesting to find out more information about the specifics of the meeting. So, I reached out to Sun with some questions, here’s what he had to say.
Why did you want to meet with Warren Buffett?
Justin Sun: First of all, meeting Warren Buffett is one of the best opportunities to introduce a large group of people to cryptocurrency and blockchain. People who hear about the lunch or will hear about it may want to know more about the industry. I also want to build a bridge between the blockchain community and institutional investors. Knowledge transfer between the two groups can help both sides.
What do you hope to accomplish from the meeting?
Justin Sun: I get to sit down with one of the most accomplished American businessmen in history, I get to talk to him about his long term value investment strategy, and I get to discuss the great potential of blockchain. I think the lunch will be a great moment for pretty much everyone there. I don’t think we can convince him that all crypto and blockchain is good, but I hope he walks away knowing more about the industry and its potential.
Do you have any set discussion topics for the meeting?
Justin Sun: I think we’ll see where the conversation goes. Obviously, we’ll talk about blockchain, talk about TRON and BitTorrent and talk about where Mr. Buffett sees the global economy going. Everything else will come naturally, I hope.
Will you try to persuade Warren Buffett to invest in crypto?
Justin Sun: I’m not sure how much I can persuade him in three hours or less. I will point him to the recent moves by other big companies to embrace crypto. J.P. Morgan, IBM and now Facebook are all jumping into the market based on its promise of borderless commerce and decentralized finance.
If Warren Buffett invested in crypto …
Justin Sun: I think it would be another proof point and shot in the arm for the industry. Ultimately, whether we go through boom or bust over the long term depends on what kind of use cases we can create that resonate with large audiences.
Are there any new interesting developments underway at TRON?
Justin Sun: I try to tell the community very often (some people say too often!) what we’re up to. We are rolling out BitTorrent Speed. We’re still working on a great experience for BitTorrent Live and on creating a stronger, faster and more reliable TRON blockchain platform. There’s a number of partnerships we hope to announce soon. Stay tuned!
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