NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Does TRON’s 14% Pump After Justin Sun-Buffet Lunch Show Crypto Market’s Immaturity?

Rick Delafont
Rick Delafont
5 years ago
3 mins read
lunch bitcoin tron crypto

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The long-awaited lunch date between TRON founder Justin Sun and billionaire investor Warren Buffet has just taken place. Upon the news breaking, the price of the TRON network’s native crypto asset TRX took off upwards violently.

Although Sun claims TRON’s speed impressed Buffet, does such an event warrant the clear market enthusiasm? After all, Sun paid for his time with the legendary investor and we are yet to hear from the latter with regards a second date.

TRX Surges as Crypto Founder Banquets with Buffet

Last year, NewsBTC reported on TRON founder Justin Sun winning a Warren Buffet’s annual charity auction. The prize was to have dinner with the legendary investor. Sun paid $4.57 million for the opportunity.

As the report noted at the time, TRON pumped on the original news. Investors were apparently hopeful that some one-on-one time with a blockchain CEO would stop Buffet thinking that crypto is “probably rat poison squared”.

Later in 2019, Sun stood Buffet up for their original date. The TRON CEO said he had fallen ill with kidney stones and would need to reschedule the lunch. Again, the TRX price reacted to the news. This time plummeting hard.

Today, Justin Sun announced that he had finally been able to dine with Buffet. Immediately after he posted the following tweet, the TRX price start surging, even relative to an already up trending market.

Amazing dinner w/ @WarrenBuffett finally! Thx for your support & advice on how to take #TRON to the next level! Loved our talk on #Bitcoin, @Tesla & #TRON! Glad to support @GLIDEsf as well! C U at #BRK2020 & our reunion meal in 2030! Details below 👇 pic.twitter.com/tjulvv2C9k

— H.E. Justin Sun 孙宇晨 (@justinsuntron) February 6, 2020

In a thread following the above tweet, Sun explains some details about the meal. He mentions that he gifted Buffet a pair of Galaxy Note Fold each with a TRON wallet, one loaded with 1,930,830 TRX. Clearly on an effort to impress the investor, the number corresponds to his birthday.

Sun writes:

“Mr. Buffett joked he wished he was born later so that he could have more!”

He also reportedly demonstrated TRON’s transactional capabilities by sending more than 45 million TRX between two devices. Sun adds “Mr Buffet was impressed by the speed of TRON”.

The showering of goodies didn’t end there though. Sun also gifted a Bronze statue of a horse and a traditional Chinese paper cutting of a mouse.

TRX Surges as Buffet Appears Unconvinced

Since Sun posted the above tweet, the TRX price has shot up. Prior to the news breaking, the market capitalisation of the crypto asset stood at around $1.354 billion. In just an hour, investors poured around $185 million into the market.

From Sun’s portrayal of events, Buffet is impressed by blockchain technology but is unmoved on crypto. The final tweet of the thread is telling:

“I told Mr. Buffett #Bitcoinis the currency for the next generation, Mr. Buffett smiled and said “I’m sure my grandson would rather inherit my wealth in $USD.” LOL!”

Such a market response may have been warranted had Buffet himself taken to Twitter to claim TRON the future of money or himself a new Bitcoin convert. However, as it stands, a billionaire bought another billionaire, showered him with some expensive gifts, and failed to change his mind.

Is TRON hundreds of millions of times better fundamentally than it was a few hours ago? In Sun’s own words, “LOL!”

 

Related Reading: Billionaire XRP Investor Warns of Poor Performance, But Technical Analysis Says Otherwise

Featured Image from Shutterstock.
Tweet123Share196ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Stripe

Stripe And Paradigm Announce Tempo, A New Layer-1 Blockchain For Stablecoins

Fintech giant Stripe and crypto venture firm Paradigm have announced their collaboration on a new project named Tempo. The Layer-1...

Ronaldo Marquez 2 hours ago
cardano ada adausd

Cardano Price Prediction: ADA Bears Test Support, Bulls Eye $0.92 Breakout on Hoskinson Boost

Cardano (ADA) has entered September with mixed signals. On-chain data from Santiment reveals that retail sentiment has dropped to its...

James Halver 3 hours ago
Crypto news

Crypto Volatility Alert: Friday’s US Jobs Report Could Trigger Major Move

The August US labor readings have turned Friday’s nonfarm payrolls into a live-fire macro event for crypto. On Wednesday, ADP’s...

Jake Simmons 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

트럼프의 '아메리칸 비트코인' 나스닥 상장, BTC 2.7억 확보…다음 주목받는 코인은

트럼프의 ‘아메리칸 비트코인’ 나스닥 상장, BTC 2.7억 확보…다음 유망 코인은?

Soyeon Lee 36 minutes ago
BTC Hyper

BTC Hyper presegel 13M: Najboljša kriptovaluta za nakup?

tanjapotocnik 51 minutes ago
meme kovanci

Najboljši meme kovanci, ki jih lahko kupite zdaj za manj kot 1 EUR

tanjapotocnik 54 minutes ago

Premium Sponsors

Press Releases

  • イーサリアム...

    2 minutes ago
  • ビットコイン...

    10 minutes ago
  • シバコイン...

    22 minutes ago
  • A 3 legjobb kriptovaluta, amit ma megvásárolhatsz, mivel ez a presale forradalmasítja a meme-piacot 1000x potenciállal

    A 3 legjobb kriptovaluta, amit ma megvásárolhatsz, mivel...

    29 minutes ago
  • パイネットワーク...

    36 minutes ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.