Ikenna Uwakwe has been a writer since he could hold a pen. Having a lot of literary works in his portfolio including Poems, Articles and Essays. He enjoys a natural likeness for anything related to technology. His Educational background includes computer science and programming. As a seasoned cryptocurrency enthusiast with a professional writing career path of over two years of blogging for blockchain related companies. Working with various Fintech startups in the past, has aided him to better understand what IT proponents as well as financial Investors look out for.
Billionaire Bitcoin cynic Warren Buffett agrees to give heed to the emerging blockchain technology. Following a $4.6 million USD bid by Tron CEO – Justin Sun to host a power lunch, along with Litecoin’s Creator – Charlie Lee as Guest Speaker.
Justin Sun, CEO of Tron seems to have some magical powers. As report speculates that the blockchain expert would be meeting with one of the most influential personalities in the financial sector – Warren Buffett, Chairmain and CEO of Berkshire Hathaway.
Dated to take place on July 25th, 2019, this 20th annual charity lunch will take place in Silicon Valley, San Francisco. As opposed to Buffett’s New York’s Steakhouse venue for such gathering, this variance is in a bid to honor a local charity that the late billionaire’s wife supports – Glide Foundation.
According to a Twitter post, Justin Sun calls out to his fellow crypto colleague Charlie Lee to chaperone him to this prime crypto lunch get-together. Hence, the host has been applauded by the crypto community for such a clever choice of company to this once in a lifetime financial-crypto conference.
The crypto power lunch, co-hosted by Omaha-based Oracle corporation, is believed to attract a budget of $4.6 million USD. Expected to be in attendance are institutional financial investors. Subsequently, in what appears to be an optimistic approach to hop into the bandwagon, the investment genius told Bloomberg:
“I’m delighted with the fact that Justin has won the lunch and am looking forward to meeting him and his friends.”
Speaking on the path of Warren Buffett, the American business magnate happens to be one of the most notable detractors of Bitcoin in the early days. Referring to this neoteric digital currency as a ”worthless gambling” in the past. The Billionaire Investor at some point believed that Bitcoin was a sham, as he told Becky Quick of CNBC that “It [Bitcoin] is a delusion, basically. ”
But to the delight of the entire crypto community, this financial mogul seems to be retracting those comments.
Where Do We Go From Here?
Speaking on behalf of the entire crypto general public, Justin Sun further stipulates that this lunch is set in place to further enlighten the financial entrepreneur and not an actual partnership with the financial powerhouse – Berkshire Hathaway. He stated:
“It might be unrealistic to convince Warren Buffett, just in three hours, to buy cryptocurrencies. But we want to show him the recent progress of cryptocurrency and blockchain technology.”
Following blockchain’s recent involvement with several fortune 500 companies, an adoption by stellar financial tycoon such as Buffett would go a long way to bolster mainstream endorsement of cryptocurrencies.