The traditional financial sector and Bitcoin aren’t known to be best friends. A possible loss of the financial establishment through a possible success of BTC would be too great. So it’s no wonder that a lot of investors don’t (yet) think such a lot of the digital asset. So far, among others, Warren Buffett. The investor legend, also referred to as “the Oracle from Omaha”, has often stated what he cares about the digital gold. His opinion is often read in his most famous description of Bitcoin: “Rat poison to the facility of two”.
Interestingly enough, it had been a crypto entrepreneur of all people that bought the annual dinner with Buffett 2019. After Justin Sun, unfortunately, had to postpone the dinner in summer 2019, it had been made up for at the top of January. Consistent with Sun, there were tons to speak about and Buffett even got his first Bitcoin. We summarize.
Justin Sun’s dinner with Warren Buffett
According to some posts on Twitter yesterday by Tron CEO Justin Sun, the dinner with Warren Buffett, which was originally planned for mid-2019, has now been made up for. Sun had bought the dinner in May 2019 for 4.6 million USD. The proceeds of the dinner, which is auctioned once a year, will attend a charity organization that cares for the homeless in San Francisco.
Amazing dinner w/ @WarrenBuffett finally! Thx for your support & advice on how to take #TRON to the next level! Loved our talk on #Bitcoin, @Tesla & #TRON! Glad to support @GLIDEsf as well! C U at #BRK2020 & our reunion meal in 2030! Details below ? pic.twitter.com/tjulvv2C9k
— Justin Sun (@justinsuntron) February 6, 2020
The dinner probably happened on 23 January. Other celebrities from the Crypto-Space were also present: Charlie Lee, the inventor of Litecoin; Yoni Assia, the founding father of eToro and Helen Hai, the top of Binance’s Blockchain Charity Foundation.
Bitcoin gift for Buffett
Sun seems to possess taken some things from the dinner with Buffett. So he writes within the above mail:
Amazing dinner with @WarrenBuffett finally! Thanks, tons for your support and your advice on the way to take #TRON to the subsequent level!
But not only the Tron CEO had another value from the common evening. So Buffett now (finally) has his first Bitcoin. Sun gave it to the star investor on a Samsung Galaxy Fold:
Warren Buffett got his first Bitcoin! This lucky Bitcoin is safely stored in his Samsung Galaxy Fold.
But this wasn’t the sole gift Buffett received from Sun. Sun also said that he gave Buffett 1,930,830 TRX. At the present rate of 0.022 USD per TRX, this is often a substantial sum. Bitcoin’s price has risen by 16% since January 23, and TRX’s price has risen by a whopping 12.5% within the last 24 hours.
Warren Buffett still not a Bitcoin fan
According to Justin Sun, the topics of the evening ranged from investment strategies, Tesla, Blockchain and new sorts of money, and in fact Bitcoin. But Buffett doesn’t seem to possess deviated from his opinion on the digital asset. So Sun says:
Warren Buffett thinks Bitcoin still needs tons of labor to capture the worth of Blockchain. I told Mr. Buffett that Bitcoin was the currency for the subsequent generation, Mr. Buffett smiled and said, “I’m sure my grandson would rather inherit my assets in U.S. dollars.”
Nevertheless, Bitcoin seems to be on the thanks to subsequent Bullrun. The upward trend that has been happening since the start of the year has continued over a previous couple of days. The Bitcoin share price was ready to reach a replacement annual high for two days during a row and has since passed the USD 9,800 mark. we will be interested in how the times will continue.
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