Recently, crypto magnate and founder of blockchain Tron, Justin Sun, acknowledged his lunch meeting with Warren Buffett's profound influence on him as an investor and entrepreneur.
Tron Foundation's Opinion Regarding Tron Blockchain
Sun, in a five-minute video, reflected on the significance of the encounter and recounted the invaluable experience of meeting the legendary investor in early 2020. The lunch was to be held a year after Sun had earned the opportunity by donating $4.56 million to a charity managed by Buffett's wife in 2019.
Sun regarded the brunch as an exceptional opportunity to interact with a distinguished investor and share thoughts with Buffett. Sun remains optimistic regarding Buffett's continued presence in the future, notwithstanding his compromised health.
Sun was honored to extend invitations to a number of acquaintances for lunch, which included CZ, Binance CEO, Litecoin founder Charlie Lee, eToro chief executive Yoni Assia, and Huobi CFO Chris Lee. Due to other obligations, CZ declined the invitation and was replaced by Helen Hai, the president of the Binance Charity Foundation.
Warren Buffer On Cryptocurrencies
In spite of Buffett's pronounced disapproval of Bitcoin in public (2018), characterizing it as "rat poison squared," Sun delivered to him a smartphone equipped with a cryptocurrency wallet during their lunch meeting.
Wallet contents comprised one Bitcoin in addition to almost two million TRX coins. Sun has consistently maintained through Twitter that Buffett continues to possess Bitcoin, in contrast to Buffett's claim that he donated the smartphone to the GLIDE foundation following the lunch and has no intention of acquiring cryptocurrencies.
This assertion was reiterated by Sun in February 2023 and as recently as the latter part of February this year.
TRXUSD Technical Analysis
In the daily chart of TRX price, the overall market momentum is bullish, supported by the rising upward pressure in the 100-day SMA line.
The prolonged upward momentum became sideways after moving above the 0.1340 static level and formed a potential Head and Shoulder pattern. Moreover, the latest candle closed below the dynamic 20-day EMA, indicating a confluence bearish factor for this pair.
Based on the daily outlook of Tron price, a valid downside pressure with a daily close below the 0.1340 static neckline could be a short opportunity, targeting the 0.1250 level.
On the other hand, a bullish reversal from the near-term dynamic line could extend the buying pressure above the 0.1500 psychological level in the coming days.
