His last stunt was to offer nearly $5 million in an auction to share a lunch with Warren Buffett. Although the money will be donated to charity, the business opportunity seems to be worth it (and is, apparently, already bearing fruit).
Justin Sun -the founder of Tron (TRX)- has been labeled in many different ways by the community. From genius to conman, there have been many opinions as to whether this young man’s influence on the ecosystem has been positive or detrimental, but if there is one thing practically everyone recognizes, it is that Sun’s ability for public relations seems to be innate and exceptional.
Warren Buffett is known for his success in the money market, but also for his aversion to cryptocurrencies. On previous occasions, he has called them “poison”, “a delusion” and has been skeptical about the benefits that crypto adoption could deliver to the world of finances.
However, Justin Sun did not miss the opportunity to “invest” those 4.5 million in a lunch that maybe won’t change Warren’s mind but has certainly given the Tron ecosystem (TRX) a massive exposure to a conglomerate of users who may not be familiar with cryptocurrencies.The interest in “Justin Sun” skyrocketed in Google Trends, reaching historical peaks. Now Justin not only is the crypto-personality with more Twitter followers but also the most searched of all blockchain project leaders.
Similarly, “Tron TRX” has also experienced a sudden increase in the community’s interest, surpassing even the searches on Bitcoin, Ethereum, Ripple and Bitcoin Cash, all of which have a higher marketcap.
Tron / Wall Street or Sun / Buffet: A Meal that Caused Mixed Reactions
Paying so much money to share a meal with a man who practically despises the industry was a decision that did not go unnoticed in the community. Many social media users presented their views, criticizing or praising Justin Sun according to their personal appreciations.
Among those who think that this meeting could generate positive results are people like Misha Lederman, Max Keiser, and Ran NeuNer, who think that Justin Sun had a great idea and that strategically could benefit not only the TRX ecosystem but the crypto market in general:
Positive impact of Justin Sun’s bid of $4,5M for lunch w/ Warren Buffet?
1. Discussing benefits of #blockchain with world’s most influential investor
2. Uniting #crypto community by inviting heavyweights to event
3. Charity record for @GLIDEsf cause
4. Mainstream media exposure– Misha Lederman (@mishalederman) June 3, 2019
What most people don’t realize is that this game is not about tech, tech will be commoditized and easy to fork. This game is about marketing and in that department Justin Sun is clearly in the lead.
– Ran NeuNer (@cryptomanran) June 3, 2019
However, not everyone has an optimistic view of this event. Whale Panda, Crypt_Bobby, Moon Overlord think Justin Sun will generate a negative image of the ecosystem:
I’m sure he’s a nice guy, most scammers are. Scammers are nice, that’s how they convince you to buy their scam.
No surprise here that certain people think it’s a good idea. This will not drive adoption at all. It’s a marketing gimmick, paying $4.5 million for a selfie with Buffet– WhalePanda (@WhalePanda) June 4, 2019
*lunch between Justin Sun and Warren Buffett ends*
Warren: Well that was very insightful Justin, just send the $4M when you get a chance
*justin sun sends 4 million BTT (only worth $6000)*
Warren: wait that’s not
*Justin peels out of the parking lot in his 1997 Honda Civic*
– Moon Overlord (@MoonOverlord) June 3, 2019
«Fake it till you’re having lunch with Warren Buffett»
– Crypto Bobby (@crypto_bobby) June 3, 2019