I’m sure Buffett might not have thought of this meeting ever before, but here it’s going to happen. The pioneer of value investing who termed Bitcoin “delusion”, “useless” and even “rat poison squared” is now going to sit down with a maverick of very same cryptocurrency space because he has been paid handsomely to do so! Justin Sun, the Founder and CEO of TRON network, has decided to shell out a record $4.5 million for a meeting with Warren Buffett, and he plans to use the opportunity for changing the mind of Mr. Buffett regarding cryptocurrencies. Will he be able to do so? Only time will tell.
I officially announce I’ve won the record-setting 20th-anniversary charity lunch hosted by @WarrenBuffett. I’ll also invite #blockchain industry leaders to meet with a titan of investment. I hope this benefits everyone. #TRON #TRX #BTT #BitTorrent pic.twitter.com/EMZ4TMhgpR
— Justin Sun (@justinsuntron) June 3, 2019
The backstage for this dinner was set by Buffett himself on 26th of May when he opened an eBay auction for the tickets of a charity lunch with him. The lunch is held by him every year to raise funds for Glide Charity Foundation, a charity that was supported by his late wife Susan. Buffett knows that people are willing to pay a lot for spending some time with him, so he uses that opportunity to raise funds for this charity. The money raised through these luncheons is spent by Glide Charity Foundation to provide meals to city’s homeless, offer support to the victims of domestic violence and to help people find shelter.
This year’s winning bidder, as we know now, is Justin Sun. His bid was 38% higher than the winning bid of last year. The time and location of the luncheon is not known yet, but it’s often held at the Smith & Wollensky steakhouse in New York. Justin can also taken seven of his friends with him, and he plans to take some of his most persuasive and influential friends in the crypto community to join him. He said:
“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.”
Now, as far as Buffett is concerned, he is happy to have this meeting. An emailed response sent by his assistant to Bloomberg said:
“I’m delighted with the fact that Justin has won the lunch and am looking forward to meeting him and his friends. We are going to have a good time, and Glide will use his contribution to help many thousands of people.”
Whom Justin should take with him?
Now when Justin has won this opportunity to sit down with Buffett and try to change his mind, the question is who should he take with him to get the best outcomes for everyone in crypto community. Though the decision ultimately lies on his own wisdom, I think that he should also ask Ethereum Founder Vitalik Buterin to join him as Vitalik is one of the most persuasive and influential figures in the crypto community. It’s fine that he is in direct competition with Buterin, and many times Buterin has also been critical of him, but sometimes industry players must join hands for the better future of everyone.
Besides Buterin I think think that the presence of Binance boss Changpeng Zhao is almost guaranteed, as he shares a good relationship with Justin. Who else is taken along by Justin will be interesting to see. Let’s wait for more details, which will probably come out after the luncheon now!