The Kaiko exchange has listed the options of TRX and BTT among its trading pairs going forward. This is a great pick up for Tron (TRX) as it gives the coin more visibility in the markets.
Notably, Kaiko is an excellent provider of institutional grade market data on all matters crypto. As such, it is a place that investors frequent to get to know of the latest market trends. Therefore, this listing is a positive development in Tron’s attempts to have a bigger presence in the competitive crypto markets.
Similarly, BitTorrent coin (BTT) will have a bump from this news. Tron issues this coin as well and it has been on the markets since early this year. The coin aims to tokenize the BitTorrent decentralized file-sharing protocol and allow content creators to connect to audiences lucratively. Accordingly, this Token would make this platform better while maintaining its decentralization.
Justin Sun Meeting with Warren Buffet
Tron founder Justin Sun is obviously a big personality in crypto-sphere. At the young age of 28, he is the founder of Tron and CEO of BitTorrent. These are obviously both impressive by any stretch of the imagination. He recently caused a stir when he paid Berkshire Hathaway investment chair Warren Buffet a staggering $4.56 million to secure a lunch meeting.
This took many in the coin community by surprise because Buffet is a notable critic of crypto. Buffet, though more receptive to blockchain, has consistently bashed crypto. Talking to CNBC, the veteran Investor said:
“(Bitcoin) It’s a gambling device…there’s been a lot of frauds connected with it. There’s been disappearances, so there’s a lot lost on it, it doesn’t do anything. It just sits there. It’s like a seashell or something, and that is not an investment to me.”
The actual meeting is in the form of a charity auction for a meeting with the investor billionaire held annually. Sun outbid other Wall Street and Silicon Valley competitors to secure the meet. It goes without saying that Sun will have a hard time convincing the seasoned investor to be positive on crypto. Buffet has in the past even called Bitcoin “rat poison” during the bull run of 2017 because he is wary of investments without a tangible product.
However, he can aptly point out to Buffet his failure to get on board other technological waves earlier. This is because Buffet did not endorse Amazon or Apple earlier. That said, these companies did not have nearly the same amount of volatility typical with crypto. The outcome of this meeting is likely to go one way but who knows? Justin could have something secret up his sleeve that we’ll get to see.
Tron Going Forward
Whether for publicity or actual investment value, this meeting definitely signals intent moving forward. Justin Sun is an aggressive marketer and this is true for the rest of the organization. The platform can offer utility and entrench decentralization in this space.
Some may laugh off the meeting but the effect on prices was immediate. In the volatile world of crypto, having a charismatic leader with a prominent presence can be essential. Justin is a guy who has demonstrated the willingness to innovate and adapt to keep the company relevant and growing. This bodes well for the company going forward in such a competitive market.