It’s been announced – Warren Buffett will have lunch with Justin Sun! Known cryptocurrency skeptic Warren Buffett will have lunch with Justin Sun in the name of charity.
Justin Sun, the founder of the Tron network, bid $4.57 million dollars at a charity auction to have lunch with the legendary Oracle of Omaha. Justin Sun’s Tron Network is most famous for its cryptocurrency, TRX Token, which launched in 2017.
Buffett has repeatedly criticized the cryptocurrency, calling Bitcoin “rat poison squared”. The Berkshire Hathaway CEO has often compared the cryptocurrency to gold – another asset that he admonishes for being speculative and not producing earnings and dividends like stocks and property do.
Justin Sun penned an open letter to the cryptocurrency community. He thinks he has a good shot at winning over the famous Bitcoin bear.
“Even one of the most successful investors of all times can sometimes miss a coming wave,” Sun said, remarking how Buffett has admitted to overpaying for an investment in Kraft Heinz Co (KHC), and failing to realize the potential of tech giants such as Amazon and Alphabet, Google’s parent company.
He continued, saying:
“I … firmly believe that with the right communication and understanding, Buffett will change his overall stance on cryptocurrency and blockchain, allowing this new investment strategy to become integrated into his overall portfolio.”
This is Buffett’s 20th charity lunch to raise money for Glide, a San Francisco-based charity that provides medical care, housing assistance, meals, youth summer programs, and other services to the Bay Area’s neediest residents.
What do you think? Will Justin Sun be a successful crypto hero and representative to one of the most powerful men in investing? Do you think Warren Buffett will continue to think that Cryptocurrency is a joke if Facebook gets into the action? Let us know on our Facebook page!