Warren Buffett Gets First Bitcoin, TRON’s Justin Sun Claims
One of the world’s richest men now owns Bitcoin, the founder of TRON claimed. Justin Sun said he presented Warren Buffett with two fold phones that have what could be the first Bitcoin for the man who was once the richest in world.
Buffett, still in the top list of the richest persons in the world, is known to have shared a dissenting view about the usefulness of cryptocurrencies like Bitcoin in the past. He doesn’t seem to have changed his view though going by his response to Sun’s suggestion that Bitcoin will be the currency for the next generation. “Mr. Buffett smiled and said ‘I’m sure my grandson would rather inherit my wealth in $USD’,” Sun says as he expresses excitement about the presentation as well as his claim that the price of Bitcoin increased by 16% after he’d presented the gifts. The encounter, held over a charity dinner, brings a new perspective to Buffet’s view about Bitcoin since he is one of those who believe the top cryptocurrency still needs “a lot of work in order to capture the value of blockchain.”
(2/12) @WarrenBuffett received his first #Bitcoin! This lucky #Bitcoin is safely stored in his #Samsung Galaxy Fold. Since I gifted him this #Bitcoin, $BTC has increased 16%! Hope it continues to moon! Check out his address: https://t.co/uyhT7gVQCo
— Justin Sun (@justinsuntron) February 6, 2020
The visit has been long time in the making. It was initially planned for an earlier date – sometimes last year – but had to be changed to the point many in the space grew weary and doubted it would ever happen. Sun supposedly won the record-setting 20th-anniversary charity lunch with Buffet after placing an approximately $4.5 winning bid on an eBay auction for Power Lunch with Warren Buffett hosted by San Francisco-based charity, GLIDE. The charity uses the annual effort to raise funds for its programmes that benefit some of the most in-need and marginalized locals.
After winning the bid, Sun hinted that it would be an opportunity to give Buffett “a different opinion on bitcoin and the blockchain technology” as he doesn’t seem to “have the right source for the blockchain industry news and is being mislead by the media most of the time …”
While changing Buffett’s mind could be daunting, the TRON founder notes in another tweet, that :
“Warren Buffett believes there is great potential in blockchain & lots of his portfolio companies are exploring it such as JP Morgan. He is curious to see how blockchain will play out in the payment industry in the next 10 yrs.”
The gifted phones also have the TRON network built into them, according to Sun. This will allow Buffett to create wallets for TRON’s native asset, TRX, and have some tokens to be “officially a $TRX owner!”
“I gifted him 1,930,830 equivalent to his bday!” Sun tweets. “Mr. Buffett joked he wished he was born later so that he could have more!”
He identified the wallet address of the investor, who runs Berkshire Hathaway. It is also loaded with an array of tokens from the staple of TRON network including BitTorrent, Tether USD and WINK. While showing Buffett to transfer $TRX from one wallet to another, Sun says he “transferred 45,67888 TRX equivalent to the auction bid & Mr. Buffett was impressed by the speed of #TRON!”
Before Sun, the highest anyone had paid for the auction bid to the annual dinner with Buffett – it started with $25,000 in 2000 – was about $3.2 mln in 2018, a little higher than the $2.7 mln price tag in 2017. Some of those Sun invited with him to the dinner, which its chit details show happened on Jan. 23 (though just being made public on Thursday Feb. 6), were Binance Charity Foundation’s Helen Haiyu and the founder of Litecoin, Charlie Lee.