Why did Justin Sun photograph Buffett’s luncheon?

Justin.Sun 2025-9-29 19:38 92195人围观 TRX

Justin Sun, who was born in 1990, has been the subject of controversy since he entered college. He is good at creating various "identities" for himself that are in the spotlight. From his hometown of Huizhou to Peking University and then to Pennsylvania,

Justin Sun, who was born in 1990, has been the subject of controversy since he entered college. He is good at creating various "identities" for himself that are in the spotlight. From his hometown of Huizhou to Peking University and then to Pennsylvania, he relied on his strong desire for fame to complete a series of jumps. Later, he became a "Jack Ma disciple" and an "upstart in the currency circle".”

We don’t know yet what kind of lunch this will be, but what is certain is that Justin Sun has another title.

This article first appeared in the 2019 Issue 16 of Southern People Weekly

Text | Lynch

Editor | Sun Lingyu

The full text is about 1,429 words, and it takes about 3 minutes to read carefully.

Justin Sun is back at the center of public opinion.

A few days ago, Sun Yuchen said on social platforms that he successfully bought Buffett's charity luncheon for US$4,567,888 (approximately 31.5 million yuan). This is the highest bid amount at a Buffett luncheon in 20 years.

Justin Sun has multiple "identities" to the outside world: the founder of the digital currency TRON, the founder, chairman and CEO of Ruibo Technology, a leading figure among Chinese post-90s entrepreneurs, and the Global Outstanding Youth of the World Economic Forum (Davos Forum)； He is also one of the 30 entrepreneurs under the age of 30 in China in 2015 by Forbes, the only post-90s student among the first batch of students at Hupan University founded by Jack Ma, a bachelor's degree in history from Peking University, a master's degree from the University of Pennsylvania, etc.

Among this series of titles, the most well-known to the public is the founder of the digital currency TRON. Tron, one of the similar digital currencies that emerged after Bitcoin, is a blockchain project founded by Justin Sun in 2017.

Interestingly, although Buffett does not reject blockchain technology, he has always been skeptical and even disgusted with digital currencies such as Bitcoin. He once called Bitcoin “potentially spread rat poison,” and said at his company’s 2018 annual shareholder meeting that “cryptocurrencies are going to have a bad ending. ”

Buffett's attitude, Justin Sun's character and his industry make this world-famous luncheon even more exciting.

People who hate Justin Sun think he is too marketed and hyped, while those who support him say he is good at seizing the limelight. "GQ" described him in 2015: "Along the way, he has shown himself in different images and knows how to stay in the forefront of the times at the right time. ‘"Must win" is the creed and core logic of his life, because "this is an era that has pressed the accelerator button, and I must not be left behind." ”

And having lunch with Buffett, the world's most successful investor, means that you can get "guidance" for success from him, and it is also a symbol of status and glory. For example, Duan Yongping, the former director of BBK, who had dinner with Buffett in 2006, and Zhao Danyang, the "private equity tycoon" in 2008, both said that they received extremely high returns from it.

Let’s go back and look at Justin Sun and the situation of digital currencies. Skyrocketing rises and falls are the norm for digital currencies. After experiencing a sharp drop last year, Bitcoin surged to $8,910.43 (approximately RMB 62,000) at the end of May this year, a surge of nearly 70% within the month. TRON, the coin created by Justin Sun, has fallen nearly 50% in the past year. It's now up another 1.3%, thanks to news of the auction over lunch with Buffett.

The fragility of the digital currency itself, and its subsequent exploitation by speculators - a large number of altcoin ICOs around 2017 (similar to the IPO of the stock market, referring to the first public raising of funds for digital currencies), and finally the thunder - these have given digital currencies the appearance of being untrustworthy. What's more, most countries and regions, including China, do not recognize its legality and clamp down on the illegal activities behind it.

For this reason, the most common promotional method used by those who create digital currencies is blockchain technology. Justin Sun is no exception. Regarding Buffett's attitude towards digital currencies, he believes that Buffett's consistent criticism of Bitcoin is somewhat "misguided."

After the luncheon, he wrote in an open letter on Twitter, “One of the most successful investors in the world will inevitably miss the wave of the times. ”In an interview with Bloomberg, he said people in the investment community eventually changed their views and said, “When many people underestimate this technology, it is the best investment opportunity. ”

“We will have a great time talking and look forward to meeting Justin Sun and his friends," Buffett said in an email released by his assistant. According to the principles of the auction, the person who finally wins the "lunch ticket" can bring 7 people to dine with Buffett at Smith & Wollensky Steakhouse in New York.

It is still unknown who Sun Yuchen will bring to the luncheon, but according to past experience, those who will have the meal with him will be those closest to or interested in the auctioneer. For example, in 2006, Duan Yongping brought his "apprentice" Huang Zheng, who later founded Pinduoduo.

It is still unclear what kind of lunch this will be, but what is certain is that Justin Sun will have one more title.