This year's charity steak lunch with legendary investor Warren Buffett may be about blockchain and encryption. Founder of regional chain platform TRON, CEO of BitTorrent, a peer-to-peer file-sharing agreement, 28-year-old Justin Sun won the annual eBay Charity Auction and had lunch with Warren Buffett at the Smith & Wollensky Steakhouse in New York City. Sun called himself a disciple of Ma Yun, the founder of Alibaba, and paid $4.6 million for a chance to have dinner with Buffett. Sun can also bring seven friends.
“I am a long-time believer (and certainly a loyal fan) of Buffett and his long-term value investment strategy. As some of you may know, the CEO of Berkshire Hathaway publicly stated that he believes that the world The largest cryptocurrency bitcoin does not have "unique value." However, he points to the potential of the blockchain, which is the underlying technology behind all cryptocurrencies, "Sun wrote in an article on Monday. “I will see the upcoming Buffett lunch as an opportunity to seek mutual understanding and growth.”
According to Chinese media reports, during his studies at the University of Pennsylvania in 2013, Sun invested in Tesla and Bitcoin, becoming the first barrel of gold. As a marketing guru, he has been teasing fans on Twitter since last week, saying he will announce "a huge and amazing thing", which makes TRON's price up to 20% on Sunday. After the press release, Sun plans to invite several "industry leaders" in the cryptocurrency and blockchain communities to have lunch with Buffett. I officially announced that I won a record 20th anniversary charity lunch hosted by @WarrenBuffett. I will also invite #blockchain industry leaders to meet with investment giants. I hope this is good for everyone. #TRON#TRX#BTT#BitTorrentpic.twitter.com/EMZ4TMhgpR - Justin Sun (@justinsuntron), June 3, 2019 Buffett and his longtime business partner, Charlie Munger, are known for their dislike of cryptocurrencies.
For Buffett, Bitcoin is not an investment, but a "gambling device." Munger once joked that "bitcoin investors celebrate the life and work of the Judas and Jews in happy hours."
However, Buffett is more open to the blockchain, the blockchain is the basic technology of cryptocurrency, increasingly used by financial, logistics and technology companies, including JP Morgan Chase and Amazon, Berkshire Hathaway The company's partner in the healthcare sector.
"We may have done it indirectly through the bank," Buffett said of the blockchain in May. “But no, I will not be a big leader in the blockchain.”
This is the fourth time that Chinese bidders have won the competition and promoted their identity. With Buffett's popularity in China, he is known as the "God of the Stock" and prints on Coca-Cola cans, winning the auction can also bring marketing value.
As early as 2006, Chinese businessman Duan Yongping won the bid and took his defendant Huang Zheng for lunch. Now, Duan's smartphone empire is selling better in China than the Apple iPhone. At the same time, Huang's shopping app Pingduoduo was listed on NASDAQ in July 2018.
But not all Buffett lunchers can find unfettered success. Zhu Xi, chairman of Beijing-based online gaming company Zeus Entertainment, paid $2.35 million for lunch opportunities in 2015 and said it was "absolutely worthwhile." However, since May last year, the China Securities Regulatory Commission has conducted an investigation into Zhu’s alleged violation of the securities laws.
In an e-mailed statement to Yahoo Finance, Buffett said he was happy with Justin’s victory and looked forward to meeting him and his friends. Buffett said: "We will have a good time, and Glad will use his contribution to help thousands of people."
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