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Justin Sun, the founder of cryptocurrency project Tron, has won a charity auction to have lunch with Warren Buffett.
After bidding an apparent staggering $4,567,888, Sun won the auction which has been held on e-bay by Buffett for the last two decades. The amount will go towards the GLIDE Foundation, which is a San-Francisco non-profit organisation focused on combatting social injustice and equality.
Sun expressed his enthusiasm about the lunch in a tweet after winning the auction, stating that it’s a “new era” for Tron as well as being a major point in blockchain history.
Looking forward to lunch with @WarrenBuffett. Will be a great opportunity for mutual understanding and knowledge transfer. It’s a new era for #TRON and #BitTorrent, and also a big step for the whole #blockchain history. Let’s see what happens next. https://t.co/OOkpnFsBif pic.twitter.com/Sstkj6xkgs
— Justin Sun (@justinsuntron) June 3, 2019
Buffett’s late wife was a volunteer at the GLIDE Foundation, and Buffett has raised a reported $30 million through his auction lunches over the twenty years he has held them.
In the past, Buffett has criticized Bitcoin and cryptocurrencies saying that it has no value and calling it “rat poison squared“. As a result, Sun released an open letter to the Tron and crypto community, stating that intends to engage Buffett in a conversation about the blockchain technology and its real-life applications.
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. To aid in the conversation and support the overall cryptocurrency and blockchain community, I will invite several industry leaders — with your input — to accompany me to New York City for the lunch.”