Throne Founder's Winning $ 4.5 Million Bid Nets Dinner With Warren Buffet
Justin Sun, founder of Tron and CEO of peer-to-peer file sharing protocol BitTorrent was revealed through tweet that he set a record $ 4.57 million for lunch with crypto-skeptical Warren Buffett as part of "Oracle of Omaha's" annual charity auction for the Glide Foundation.
The 28-year-old son meets Buffett at Smith & Wollensky in Manhattan and has said he would invite seven crypto industry leaders to join.
"I am a long-term believer (and surely a big fan) of Buffett and his long-term value investment strategy," Sun wrote in a Medium Post .
Prior to launching Tron in 201[ads1]7, with an ICO that raised about $ 70 million, Sun was an early investor in Tesla and bitcoin while achieving a master's degree at the University of Pennsylvania in 2013. His latest venture, Peiwo, is a foray in social media with a Vine-like app that connects users through 10 second audio samples.
"As some of you may know, the CEO of Berkshire Hathaway has publicly stated that he does not see any" unique value "in Bitcoin, the world's largest cryptocurrency, Sun continued." Still, he has pointed out the potential of 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 has turned away cryptocurrency earlier – call it at one time" root poison squared "- and most recently at its annual shareholder meeting, bets on bitcoin is like betting on zero or double zero on a Las Vegas Roulette Wheel
Although Buffett said in a statement, "I'm glad Justin has won lunch and look forward to meeting him and his friends. We'll be fine, and Glide will use his contribution to help thousands of people. "Billion's CEO of Berkshire Hathaway has hosted this auction since 2000 and has increased over $ 32 million to the Glide Foundation, serving the homeless population and those fighting San Francisco addiction.
winning bid was $ 3.3 million.
Picture via Coindesk Archives
