The founder of Tron and the CEO of BitTorrent, Justin Sun won a bid of $4.57 million to have lunch with Warren Buffet. This bid was a part of “Oracle of Omaha’s” a charity auction for Glide foundation which takes place annually.
The 28 year old will greet Buffett at the Smith & Wollensky’s in Manhattan. He also said he would also invite seven other leaders in the crypto-space to join them.
“I’m a long-term believer [and certainly a big fan] of Buffett and his long-term value investing strategy.”
Sun launched Tron in the year 2017, had raised an ICO of about $70 million had quite early invested in Bitcoin and Tesla while he was still pursuing his education. One of the early ventures of the young entrepreneur was Peiwo an app based on the lines of Vine which would connect users with a 10-second audio sample.
Sun also further said:
“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.”
The legendary investor has in the past criticized the digital asset and also called it a “rat poison squared” and said that “wagering on bitcoin is like betting on zero or double-zero on a Las Vegas roulette wheel.
Buffett also commented on Sun’s win and said:
“I’m delighted with the fact that Justin has won the lunch and am looking forward to meeting him and his friends. We are going to have a good time and Glide will use his contribution to help many thousands of people.”
The CEO of Berkshire Hathaway has been hosting the auction since 2000 and on date has managed to raise $32 million so far for the aforementioned foundation. The foundation serves the homeless and once fighting addiction in San Francisco.