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The founder of the once-popular Tron blockchain, cryptomillionaire Justin Sun, admitted that the lunch he had with Warren Buffett four years ago had a profound effect on him as an entrepreneur and investor.
Sun explains what the Buffett lunch meant to him
In a roughly five-minute video, Justin Sun reveals how meeting legendary investor Buffett over lunch in early 2020 was an invaluable experience for him, after Sun won the opportunity in donating $4.56 million to the charity run by Buffett's wife in 2019. The luncheon didn't take place until a year later.
The main effect this remarkable event had on Sun, he said, was that it was a unique opportunity to meet a renowned investor and discuss his ideas with Buffett. With Buffett's right-hand man, Charlie Munger, passing away in November last year, Sun fears the lunch with Buffett will be impossible to repeat, although he hopes Buffett will live for many more years in a few years, even if he is in poor health at the time.
Sun was allowed to bring several friends, so he invited Litecoin founder Charlie Lee, eToro CEO Yoni Assia, Huobi CFO Chris Lee, and CZ, who ran Binance at the time . However, CZ rejected the offer, citing other urgent things to do, and sent Helen Hai, director of the Binance Charity Foundation, in his place.
Buffett Still Holds Gifted Bitcoin, Claims Sun
Buffett is a well-known Bitcoin critic who recommended investors at his hedge fund, Berkshire Hathaway, not invest in BTC, comparing it to “rat poison squared” in 2018.
During the aforementioned lunch, Justin Sun presented Buffett with a smartphone with a built-in cryptocurrency wallet. This wallet contained one Bitcoin and almost two million TRX coins. On several occasions, the Tron founder tweeted that he believed Buffett still held the Bitcoin given to him.
Sun tweeted about this in late February this year and also in February 2023. He tweeted this even though, after lunch, Buffett told Sun that he donated this smartphone with crypto to the GLIDE foundation, and l The investor told Sun that he doesn't own any crypto and never will.