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Justin Sun goes on Lunch with Warren Buffet

Tough Sell on Cryptocurrency

Justin Sun recently tweeted:  “I officially announce I’ve won the record-setting 20th-anniversary charity lunch hosted by @WarrenBuffett. I’ll also invite #blockchain industry leaders to meet with a titan of investment. I hope this benefits everyone. #TRON #TRX #BTT #BitTorrent.”

Warren Buffet has been organizing an auction for nearly 20 years to raise money for a San Francisco based charity, which is focused on helping the homeless and the victims of domestic violence.

Justin Sun placed a bid which was 40% higher in value than the $3.3 million which was paid for lunch with Warren Buffet.

Being the winner of the auction, Sun has been permitted to bring up to 7 guests to the private lunch.  It has been stated that Sun has plans to choose some of the most influential figures in the crypto community to accompany him.  This might probably change Buffet’s mind on the subject of cryptocurrency and blockchain.

Sun recently stated, “With the right communication and understanding, Buffett will change his overall stance on cryptocurrency and blockchain, allowing this new investment strategy to become integrated into his overall portfolio.”  Buffet is a tough sell though.

TRON Bulls are recently making their way back to the bullish trend.  TRX has been up by 22.3%.  Tron will likely benefit from the US SEC decision.

Justin Sun, aggressive marketer backs one of the most liquid coins in TRX.  Supporters of TRON claim that the liquidity is the utility. For the sake of Innovation, it is expected for the SEC to be relaxing their rules. However, the utility factor will apply with the demonstration of use cases.

The topic of whether TRON is considered security in the US is not yet determined.  There are a lot of centralization questions.  Regulators are often in a dilemma due to questions of centralization in an already fractured market.  The idea of balancing technology without compromising on the innovation factor is a severe nut issue for regulators.

The June 01, 2019 candlestick is the quick reference available from a technical analysis point of view.  There are high trading volumes of 31 million confirming a bullish breakout from 14 million averages.  In the current uptrend, a close above 4 cents is likely to bring in equally high trading volumes.

Stellar Lumens and Cardano are still competing.  The current talk is about the large cryptocurrency transactions among the Bittrex and Upbit exchanges.  The four transactions amounted to 340 million.

Richard Newman

Richard is the Editor-in-chief of Bitcoin Journal. He has over 10 years of experience with the news industry mainly handling the editorial cycle.

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