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Hype or Hope? A Meeting of the Minds for the Benefit of Crypto


Added 06-16-19 06:04:02am EST - “Justin Sun's upcoming lunch with Warren Buffett is a genius marketing play that can only help the cryptocurrency sector, writes Noelle Acheson.” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “Hype or Hope? A Meeting of the Minds for the Benefit of Crypto”. Below is an excerpt from the article.

Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team. The opinions expressed in this article are the author’s own.

The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in cryptoassets, with news and views on crypto infrastructure delivered every Tuesday. Sign up here.

Justin Sun, founder of the Tron blockchain, has paid $4.75 million for the privilege of having lunch with legendary investor Warren Buffett.

News outlets around the world picked up this news, trumpeting it as yet another example of how ridiculous the crypto sector can be.

The gesture is attention-grabbing, true, and not just because $4.75 million is a lot to pay for a meal and a couple of hours of someone’s time. It’s also worthy of a jaw drop given Buffett’s public opinion of bitcoin: “probably rat poison squared” is one of his more colourful descriptions.

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