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This year's charity steak-lunch with legendary investor Warren Buffett will likely be entirely devoted to blockchain and crypto.
Justin Sun, founder of the blockchain platform TRON, 28, and CEO of the peer-to-peer BitTorrent file sharing protocol, won eBay's annual charity auction to have lunch with Warren Buffett at the steakhouse Smith & Wollensky in New York. Sun, who calls himself a disciple of Alibaba's founder, Jack Ma, paid $ 4.6 million for dinner with Buffett. Sun can also bring up to seven friends.
"I am a strong supporter (and certainly a big supporter) of Buffett and his long-term value investing strategy. As some of you may know, Berkshire Hathaway's CEO has stated publicly that he sees no "single value" in Bitcoin, the world's largest cryptocurrency. Still, he stressed the potential of blockchain, the technology behind any cryptocurrency, "Sun wrote in an article published on Monday. "I see the upcoming lunch with Buffett as an opportunity to seek mutual understanding and growth."
Sun made the first pot of gold by investing in Tesla and Bitcoin when he was studying at the University of Pennsylvania in 2013, according to Chinese media. Marketing guru, he has been teasing followers on Twitter since last week, claiming that he would announce "something huge and amazing," which has inflated the price of TRON up to 20% Sunday. Following the press release, Sun plans to invite several "industry leaders" from the cryptocurrency community and block chains to join the lunch with Buffett.
Buffett and his long-time partner Charlie Munger are known for their dislike of cryptocurrency. For Buffett, bitcoin is not an investment, but "a gaming device". Munger once joked: "Bitcoin investors celebrate the life and work of Judas Iscariot" at cocktail hour.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "However, Buffett maintains a more open attitude towards the chain of blocks, the underlying technology in crypto-currencies, which is increasingly being embraced by leading companies in the finance, logistics and technology industries including JPMorgan Chase and Amazon, & nbsp;Berkshire Hathaway's partners in a health care business. "data-reactid =" 29 "> However, Buffett takes a more open stance towards the blockchain, the technology underlying crypto-currencies increasingly adopted by large companies in the financial, corporate and financial sectors. logistics and technologies, including JPMorgan Chase and Amazon, Berkshire Hathaway partners in a health care business.
"We probably do it indirectly through a bank," Buffett said of Blockchain in May. "But no, I would not be the person to be a big leader in the blockchain."
<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "This is the fourth time that a bidder Chinese wins with the popularity of Buffett in China, where he is known as "god of stocks"And is & nbsp;printed on cans of coke, winning the auction could also bring marketing value. "data-reactid =" 31 "> This is the fourth time that a Chinese bidder wins the race and publishes his identity.With the popularity of Buffett in China, where he is nicknamed" the god of "Shares" and is printed on cans of Coca-Cola, winning the auction could also bring marketing value.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In 2006, the Chinese businessman Duan Yongping won the bid and takes his mentee Huang Zheng for lunch.The Duan smartphone empire & nbsp;is selling better than the Apple iPhone& nbsp; in China. Meanwhile, Huang Pinduoduo shopping application went public on the Nasdaq in July 2018. "data-reactid =" 32 "> In 2006, Chinese businessman Duan Yongping has won the bidding call and took his mentee Huang Zheng to lunch.Now, the Duan smartphone empire is selling better In China, Huang Pinduoduo shopping application has become public on the Nasdaq in July 2018.
But not all Buffett's guests had the same success. Zhu Ye, chairman of Beijing-based online games company Zeus Entertainment, paid $ 2.35 million for the 2015 luncheon and said "it was worth it." However, Zhu has been the subject of an investigation by the China Securities Regulatory Commission for alleged violations of securities laws since last May.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Krystal covers technology and China for Yahoo Finance. Write to Krystal via [email protected] or follow her Twitter."data-reactid =" 34 ">Krystal covers technology and China for Yahoo Finance. Write to Krystal via [email protected] or follow her Twitter.
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