• Tue, 25 Jun 2019, 03:36 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

TRON founder and BitTorrent CEO wins $4.57M bid to have charity lunch with Warren Buffett

Tue, 04 Jun 2019, 10:33 am UTC

Justin Sun, the founder of blockchain platform TRON and CEO of peer-to-peer file sharing protocol BitTorrent, revealed in a tweet that he will get a chance to eat private lunch with Warren Buffett after winning this year’s annual eBay charity auction.

The Chinese entrepreneur placed a record-high bid of $4.57 million, which will benefit GLIDE Foundation’s 50-year quest to help people in San Francisco overcome barriers such as addiction, homelessness, hunger, and social isolation.

I’m excited to talk to Warren Buffett about the promise of blockchain and get valuable tips and insights from him about entrepreneurship and making bold bets on the future,” Sun said.

In an open letter published in a Medium post, Sun revealed that he is a long-term believer of Buffett and his long-term value investing strategy. However, he pointed out that Buffett has publicly said that he does not see Bitcoin’s unique value, but sees potential in the underlying technology, blockchain.

I … firmly believe that with the right communication and understanding, Buffett will change his overall stance on cryptocurrency and blockchain, allowing this new investment strategy to become integrated into his overall portfolio,” Sun wrote.

It is very common in investment circles that people will change their minds. Investment opportunities are best when lots of people are underestimating the technology,” Sun told the South China Morning Post.

As part of the auction, the winning bidder can bring up to seven friends to join the lunch at Smith & Wollensky’s steakhouse in Manhattan. Sun said his list will include crypto-industry leaders to meet the CEO of Berkshire Hathaway.

Last month, TRON secured second place in the latest update of China’s cryptocurrency ranking. The government-sponsored index claims to appraise 35 public blockchains based on technology, application, and innovation.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $11,352.80 (+3.82%)
  • Ethereum (ETH) $311.07 (+0.48%)
  • XRP (XRP) $0.464700 (+0.37%)
  • Bitcoin Cash (BCH) $471.76 (0.00%)
  • Litecoin (LTC) $133.25 (-1.71%)
  • Bitcoin (BTC) $11,352.80 (+3.82%)
Jun 21, 2019 (Friday)
10:49
Crypto Technicals: BCH/USD tracks Bitcoin higher, spikes over 7% to hit 2-week highs, bias bullish
10:45
NEM launches NEM Studios to spearhead development of blockchain engine ‘Catapult’
09:47
US wants Swedish crypto scammer extradited, sentenced for fraud
09:10
IOTA, Primority to develop smartphone app to track potentially fatal food allergens using blockchain
09:10
Crypto Technicals: ETH/USD tests 288 (2019 high), momentum with the bulls
09:07
Reserve Bank of Australia highly skeptical of cryptocurrency adoption
07:27
Facebook's digital wallet Calibra may not be available in India: Report
07:17
Energy sector gets its own enterprise-grade blockchain network
06:20
Wanxiang, PlatON collaborate to build blockchain-powered smart city in China
05:49
Paxful-The White Company partnership enables converting bitcoin into prepaid cards
05:49
Crypto Technicals: Bitcoin continues grind higher, edges closer to the crucial $10,000 mark
05:25
Samsung betting on blockchain with new priorities and solutions
05:18
Thales and MGI enter blockchain partnership for safer, more efficient cargo shipping
04:46
LINE's crypto exchange BITBOX adopts Chainalysis AML compliance solution
03:37
Major cryptocurrency exchange KuCoin lists rival Binance Coin, supports Binance Chain projects
03:34
MetLife’s LumenLab pioneers blockchain initiative to automate life insurance claims
03:30
Social currency startup Roll raises $1.7M to bring monetization opportunities for content creators
Jun 20, 2019 (Thursday)
12:29
Video streaming service YouNow files with SEC to distribute Props token
11:53
Crypto Technicals: IOTA exhibits signs of near-term bearishness, close below 21-EMA confirms weakness
10:46
Crypto Technicals: Monero hits new 7-month highs above 108 handle, close above 55W EMA to see bullish continuation
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft