The Founder of the Blockchain Project Tron Paid $4.5 Million for a Lunch with Warren Buffett


The founder of blockchain startup Tron, Justin Sun, bought a lunch with famous investor Warren Buffett for $4.5 million. Sun made a bid for this sum during a charity auction organized by a famous entrepreneur.

Justin Sun’s meeting with Buffett will also be attended by seven CEOs of crypto companies. Sun explained his act as follows:

“I’m a long-term believer (and certainly a big fan) of Buffett and his long-term value investing strategy. As some of you might know, the CEO of Berkshire Hathaway has said publicly he sees no “unique value” in Bitcoin, the world’s largest cryptocurrency. Yet, he has pointed to the potential in blockchain, the underlying technology behind all cryptocurrency… I look at the upcoming lunch with Buffett as an opportunity to seek mutual understanding and growth.”

Buffett is famous for his harsh statements about cryptocurrency. In particular, he called digital assets “rat poison”.

Read more on the topic:

Warren Buffett Believes That Bitcoin Is “Probably Rat Poison Squared”

During the annual meeting of shareholders of his company Berkshire Hathaway, Warren compared the investment in Bitcoin with a bet on zero or double zero in American roulette. Despite his skepticism about virtual currencies, Buffett said he was looking forward to meeting Justin and his friends.

Warren Buffett has been holding a charity auction since 2000, during this time he transferred over $32 million to the Glide Foundation. This money goes to help homeless people and drug addicts living in San Francisco.

Sun invested in Tesla and Bitcoin while studying at the University of Pennsylvania in 2013. In 2017, he launched Tron’s initial coin offering (ICO), during which he managed to attract funding in the amount of $70 million.

We want to remind you:

Fintech Startups Will Be Funded by Warren Buffett’s Holding





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here