Abstract : I wish to invite blockchain industry leaders to meet Buffett, thus facilitating top traditional investors’ understanding and friendship and bring real benefits to the whole industry, said Justin Sun.
June 4 (ChainDD About 12:00 p.m. June 3 EST, Tron founder and CEO Justin Sun announced via his Sina Weibo account that he had won the bidding of a charity launch with legendary investor Warren Buffett, with the record-setting hammer price $4,567,888. “I’m a long-term believer of Buffett’s value investing strategy. In the meantime, I wish to invite blockchain industry leaders to meet Buffett, thus facilitating top traditional investors’ understanding and friendship and bring real benefits to the whole industry,” Sun said.
Bloomberg later reported Buffett said he is looking forward to meeting with Sun and his friends. “It is very common in investment circles that people will change their minds. Investment opportunities are best when lots of people are underestimating the technology,” Sun stated in an invterview, quoted by the report.
According to ChainDD’s previous news, Buffett repeatedly expressed negative views on Bitcoin and other cryptocurrencies these years.
During the annual shareholders meeting of Berkshire Hathaway of 2018, Buffett compared Bitcoin to rat poison and said cryptocurrency buyers are simply speculating rather than investing, just like gaming somebody else will come along and pay more money later.
In the annual shareholders meeting this year, Buffett said Bitcoin has very limited use and even so, they all have relationship with fraudulent activities. Buying Bitcoin is just like staking money on things with the number of 0 or 00. Bitcoin is a gambling device that is rejuvenated that gambling feeling. He even explained how frauds involving Bitcoin works: “I’ll tear off a button here, and we’ll have this as a little token, and I’ll offer it to you for a $1,000 and I’ll see if I can get the price to $2,000 by the end of the day.”