TRON CEO meets Warren Buffet, says he is optimistic about blockchain

TRON CEO meets Warren Buffet, says he is optimistic about blockchain

  • Ali Raza
  • 17th February, 13:06
  • Justin Sun finally attended his charity lunch with Warren Buffet recently, with interesting results.
  • According to the TRON Foundation, Buffet was willing to admit that blockchain technology holds a promise to disrupt the payment industry.
  • Buffet is still not interested in investing in crypto, nor did he say anything encouraging about digital coins, but even so, this near-praise of blockchain is a big step.

Back in July 2019, TRON CEO, Justin Sun, won a charity lunch with a well-known Wall Street personality, but also a major crypto opponent, Warren Buffet. Naturally, the entire crypto industry was excited about the opportunity to have someone so closely connected with the crypto industry have a one-on-one with Mr. Buffer, and potentially try to change his views on the potential of the crypto industry.

Unfortunately, the lunch was delayed, and it only took place now, making it one of the longest-awaited appointments, but also well worth it, according to what Sun said after the event. Earlier, Sun stated that he would use the delay to take Mr. Buffer’s advice and make TRON a better ecosystem. Now, while it remains unclear whether Buffet said anything encouraging regarding cryptocurrency or TRON itself, it is known that Buffet seems to be bullish on blockchain technology.

In a recent tweet, the TRON Foundation confirmed that the lunch between Sun and Buffet indeed took place, and that Buffet admitted that he feels that blockchain technology has potential. More precisely, the tweet says that Buffet “believes blockchain technology will have a disruptive effect on the future of payment.”

Buffet still doesn’t seem to support cryptocurrencies

Even so, Buffet did not seem to be interested enough to actually invest in any crypto, including TRX itself. Many remember his earlier stance towards crypto, as well as his statement that Bitcoin is “rat poison, squared.” Buffet has also been hostile towards other cryptocurrencies for a long time, and no matter how convincing Sun may have been, it would be too much to expect that one meal would change his views completely.

However, while admitting that blockchain has potential is a small step, it is also an extremely important one when coming from Buffet and others like him. The TRON Foundation did not disclose the specifics of the ‘promise’ that blockchain holds, but it certainly indicates that Buffet is willing to keep his foot in the door, even if he is unwilling to pick a project at this time.

By Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications. Raza is the co-founder of 5Gist.com, too, a site dedicated to educating people on 5G technology.

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