Crypto founder at lunch wants to change Bitcoin hate at Buffett



[ad_1]

Justin Sun, the crypto-contractor who paid a record $ 4.57 million for a lunch with Warren Buffett, told CNBC on Tuesday that he wanted to change the mind of the investor -billionaire on Bitcoin's hatred.

Sun, founder of the TRON cryptocurrency and CEO of the BitTorrent file-sharing company, had presented the highest bid of 20 years of auction. The proceeds will go to the Glide Foundation to help homeless people in San Francisco, where BitTorrent is located.

Win the auction allows Sun to invite seven guests. He added that he would invite other leaders of the cryptocurrency sector to lunch in New York. But he told CNBC that he still did not know who he was going to be brought to.

Sun said he was a strong supporter of Buffet and his "long-term investment strategy," adding that he wanted to repay Buffett's "inspiration."

However, the president and CEO of Berkshire Hathaway is not a fan of bitcoin. In the past, he called it "poison to the square rat".

When asked to comment on the lunch, Buffett laughed and told Becky Quick of CNBC that he was looking forward to it.

Sun admitted in "Squawk Box" that he knew he would not change his mind after three hours of lunch, but he hoped to offer him a different opinion and show him "all the progress made" in the last 10 years. cryptocurrency industry. "I want him to learn what younger generations are doing," Sun added.

While some of the previous winners chose to remain anonymous, Ted Weschler, later hired as investment manager in Berkshire, and David Einhorn of Greenlight Capital won the bids in previous years.

– Kate Rooney from CNBC contributed to this report.

[ad_2]

Source link