04.06.2019, 08:35
BitTorrent Owner Bought Lunch with Buffett for $ 4.57 Million
Source: OREANDA-NEWS
OREANDA-NEWS. The winner of the auction on eBay for the right to dine with the investor Warren Buffett was the owner of the torrent tracker BitTorrent and the founder of the cryptocurrency TRON Justin Sun, as the latter reported on Twitter. “I also invite the leaders of the blockchain industry to meet with titan investments. I hope it will be good for everyone”, San wrote.
Buffett and his partner, Charles Munger, have repeatedly criticized cryptocurrencies. So, in a February interview with CNBC, founder Buffett said that Bitcoin has no real value, and added that such things "attract charlatans". At the annual meeting of shareholders of Berkshire Hathaway, he called this cryptocurrency “mirage”.
In an interview, Buffett also noted that he considers important the blockchain technology on which Bitcoin is built, but believes that its success doesn't depend on cryptocurrency. The investor said that he was waiting for a meeting with San and his friends, Bloomberg writes. The founder of cryptocurrency TRON in a conversation with the agency noted that they often change their point of view in investment circles. “Investment opportunities are better when many people underestimate technology”, he said. “I look at the upcoming lunch with Buffett as an opportunity to achieve mutual understanding and growth”, San wrote in a blog. He noted that even one of the most successful investors could “lose the wave”, and recalled that he admitted failure in a deal with Kraft Foods and couldn't“ realize the potential” of companies like Amazon, Alphabet and Apple.
In addition, San said that Buffett has repeatedly said that he is investing in a business that, in his opinion, has a long-term competitive advantage. "We in the blockchain industry have something to prove about this," said the founder of TRON. San launched TRON in 2017. The cost of the platform is estimated at $ 2.23 billion, it occupies the 12th place in the list of the largest cryptocurrencies according to the CoinMarketCap portal.
Buffett and his partner, Charles Munger, have repeatedly criticized cryptocurrencies. So, in a February interview with CNBC, founder Buffett said that Bitcoin has no real value, and added that such things "attract charlatans". At the annual meeting of shareholders of Berkshire Hathaway, he called this cryptocurrency “mirage”.
In an interview, Buffett also noted that he considers important the blockchain technology on which Bitcoin is built, but believes that its success doesn't depend on cryptocurrency. The investor said that he was waiting for a meeting with San and his friends, Bloomberg writes. The founder of cryptocurrency TRON in a conversation with the agency noted that they often change their point of view in investment circles. “Investment opportunities are better when many people underestimate technology”, he said. “I look at the upcoming lunch with Buffett as an opportunity to achieve mutual understanding and growth”, San wrote in a blog. He noted that even one of the most successful investors could “lose the wave”, and recalled that he admitted failure in a deal with Kraft Foods and couldn't“ realize the potential” of companies like Amazon, Alphabet and Apple.
In addition, San said that Buffett has repeatedly said that he is investing in a business that, in his opinion, has a long-term competitive advantage. "We in the blockchain industry have something to prove about this," said the founder of TRON. San launched TRON in 2017. The cost of the platform is estimated at $ 2.23 billion, it occupies the 12th place in the list of the largest cryptocurrencies according to the CoinMarketCap portal.
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