Men over Boys: Justin Sun taps seasoned professional Jeremy Allaire for Buffett lunch

  • 19 July 2019, Friday, 04:10

Justin Sun has graduated.

Amidst the Libra-hangover that the entire industry is still dealing with, an important event has slipped away from the limelight. The much-talked about lunch between the digital asset industry’s master marketeer, Tron’s Justin Sun, and Berkshire Hathaway’s Warren Buffett is on the horizon, and the guest list has another name.

Scheduled for 25 July at San Francisco’s Michelin star restaurant, Quince, the lunch that the cryptocurrency industry hopes will turn Buffett into a Bitcoin believer will now include Circle CEO Jeremy Allaire. Sun requested the presence of his “good friend” for the lunch, which also features Charlie Lee, the creator of Litecoin.

The Tron CEO tweeted,

I’d like to invite my good friend @jerallaire, Co-founder & CEO of Circle, to join my lunch with @WarrenBuffett. 7 days to go and more friends to be announced!

— Justin Sun (@justinsuntron) July 18, 2019

Allaire, in response, confirmed his acceptance of the invitation, unlike other crypto-pioneers like Binance’s Changpeng Zhao. The Circle CEO hopes that this will result in Buffett switching camps, or at the least, acknowledging the importance of the digital assets industry,

“Crypto is now a major global policy issue and there is a great deal for Mr Buffet to understand and for us to learn from him as well.”

The lunch may either prove futile, with Buffett continuing his tirade against Bitcoin and cryptocurrencies or, it may convince the investing mogul that there is some truth in decentralised currency. Regardless, it does say a lot about Justin Sun’s motivation.

Sun picked the likes of Lee and Allaire, nuanced and calm representatives of the space who can present a compelling argument before Buffett. He picked them over those who spew endless rhetoric praising decentralized currency. Buffett is an investing professional, one who can easily call out nonsense. The last thing Justin Sun would want is his and the cryptocurrency industry’s image in tatters after a Buffett-bombardment.

Hence, by picking seasoned and passionate crypto-professionals over rogue proponents, Sun is signaling that he wants to do this the right way, rather than the marketing way by shilling Tron.

Allaire has also been a supporter of sensible regulation within the space. Previously in May, the Circle CEO penned a piece calling for ‘regulatory certainty’ within the United States, following the geo-fencing announcement from Poloneix, the Circle Internet Financial-owned exchange.

He called out the “broad view” of crypto-assets and stated that this “fight” would not just be taken to US lawmakers, but administrators worldwide. The post spelled,

“We believe that digital assets represent a fundamental new class of financial instrument that defies simple classification as security, commodity or currency. Many digital assets occupy one, two, or all three depending on their context and use.”

With just a week left for the lunch, Sun is packing his arsenal with the “men” of the cryptocurrency industry, not the boys.