Ali is a News Reporter at Invezz covering the cryptocurrency markets and blockchain industry. He has 10 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profiled investment sites including CCN, Capital.com, BeInCrypto, Bitcoinist, and NewsBTC.... read more.
Updated on
Jun 14, 2024
Reading time 2 minutes
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
Buffet is still not interested in investing in crypto, nor did he say anything encouraging about digital coins
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
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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.
