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Entrepreneur Justin Sun offered $ 4.57 million at a charity auction to lunch with the legendary investor. Sun launched the TRX Cryptocurrency Token in 2017. He also founded the Tron Network, an operating system based on the blockchain technology that underlies cryptocurrencies.
Buffett repeatedly criticized cryptocurrency, even calling bitcoin "rat poison squared". the Berkshire Hathaway (BRKA) The CEO has often compared cryptocurrency to gold, saying the two assets are strictly speculative and generate neither income nor dividends, unlike equities.
In an open letter to the cryptocurrency community, Sun has adopted a bullish tone about winning a bitcoin bear.
"One of the most successful investors of all time can sometimes miss a wave," said Sun, noting that Buffett admitted to having paid too much for an investment in Kraft Heinz Co (KHC)and not realizing the potential of high-tech companies such as Amazon (AMZN) and Alphabet (GOOGL), the parent of Google.
"I … firmly believe that with good communication and understanding, Buffett will change his overall position on cryptocurrency and blockchain, allowing this new investment strategy to incorporate it into his global portfolio, "Sun said.
A Buffett representative did not immediately respond to a request for comment from CNN Business, but told Reuters that the Oracle of Omaha was "delighted", Sun won the auction and "waits" eagerly "to meet him.
It's the twentieth year Buffett has had a festive meal to raise funds for Glide, a San Francisco-based charity that provides medical care, housing assistance, meals, summer programs for young people and more. other services to the poorest residents of the Bay Area.
"The only universal characteristic that characterizes all winners is that they spend a good time and feel like they are getting value for money," he said in a press release.
Correction: An earlier version of this story gave the winner of the auction an incorrect name.
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