Bitpush Interview with Tron CEO And Warren Buffet Lunch Winner Justin Sun

Justin Sun, founder and CEO of Tron, won the Buffett Charity Lunch Auction this year, causing an explosion in the global media. Mainstream financial media in both China and the United States have picked up the story and run with it. Sun said that this type of media outburst was unexpected 

“The media response is bigger than I expected.”  In an interview with Bitpush News , Justin said “I always thought that it would only be news in the blockchain field, but I did not expect it to be reverberated in the mainstream financial media and the mainstream press. "

The charity auction was held by Ebay and 100% of the proceeds will go to the Glide foundation, a charity based in San Francisco that offers local services to the homeless.

Sun was able to win the auction with a staggering $4.57million bid, “I didn't expect it (Price) to be as high as $4.5 million at first, Because the prices in previous years are usually around $3 million. This year had a few people who like me wanted to meet with Buffett,” said Sun. $4.57million is a new record for the auction.

This is a unique opportunity for both Sun and the cryptocurrency industry, as back on May 5, 2018 CNBC reported that at the annual Berkshire Hathaway shareholder meeting that Warren Buffet called cryptocurrency “It’s probably rat poison squared,” Buffet has notoriously never been a fan of cryptocurrency. Despite this fact Buffet has state he is looking forward to meeting with Sun and his friends.

Sun sees this as a huge opportunity for the cryptocurrency market, “I wanted to build a bridge between the blockchain industry, traditional industries and traditional investors… I hope that through various exchange activities, we can communicate with each other and promote mutual understanding. I personally think this will be a really a good start,” Said Sun.

While the news of Sun’s meeting with Buffet seems to be a positive opportunity, it had a negative effect on the price of Tron. The price of Tron dropped 3% just hours after Sun announced that he was the mystery bidder who won the lunch meeting.

“I personally think that my exchanges with Buffett and the traditional industry and blockchain industry exchanges are a long term process. Therefore, it is not necessary to take a utilitarian view of the rise and fall of short-term prices. We still must have a normal heart (take our time) to promote exchanges and trust between the blockchain industry, the cryptocurrency community and the traditional industries, then we must promote the progress and development of the industry step by step. I think it is still necessary to have patience with the process,” Said Sun.

With the media frenzy that has stirred up around the Buffet and Sun lunch meeting, cryptocurrency has been launched into the mainstream media limelight, which offers a massive opportunity for the cryptocurrency market. This opportunity is the chance that cryptocurrency needs to be taken seriously by traditional investors and traditional industries.

Author: Ramsey Baker

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