Tron’s Justin Sun Gets $4.5M Dinner With Warren Buffett

The TRON Foundation announced Thursday that Sun met the chairman and CEO of Berkshire Hathaway for dinner, at Buffett’s suggestion, at a private country club in his home city of Omaha, Neb., on Jan. 23. Sun brought several guests including Litecoin creator Charlie Lee, eToro CEO Yoni Assia as well as the CFO of Huobi, Chris Lee, and head of the Binance Charity Foundation, Helen Hai.

Justin Sun and Warren Buffett discussed cryptocurrencies over dinner, six months after Sun canceled the original event claiming he had kidney stones.

In a statement after the dinner, Sun said it “was really an honor and I’m grateful for Mr. Buffett’s dinner, wisdom and vision.”

He added that he would “take Mr. Buffett’s advice and guidance to make TRON a better ecosystem, business with all the partners in the blockchain space and beyond,” though he did not provide specifics.

Buffett has auctioned off a dinner with himself every year since 2000, with participants’ funds directed toward charity. Sun placed a record-breaking $4.5 million bid at the Glide Foundation last year.

While his dinner had been originally scheduled for late July 2019, Sun postponed days before, claiming to have fallen ill with kidney stones.

A Chinese media outlet reported the day after the dinner’s postponement that Sun was under investigation by local authorities and was not allowed to leave China, though Sun later appeared to be in San Francisco in a video live stream.

He later apologized for “over-marketing” the dinner, claiming it had had “a negative influence” with regulators and the public.

Buffett has been highly skeptical of cryptocurrencies, once famously referring to bitcoin as “rat poison squared.” Although TRON declined to comment on what was discussed over dinner, Sun had originally said he hoped the meal would “bridge the gap between institutional and traditional investors and the realm of cryptocurrency and blockchain technology.”

TRON Will Partner With $100B ‘Mega Corporation’ Next Week

Sun, the master of hype and CEO of Tron, took to Twitter on Oct. 25 where he made one of his infamous announcements in order to excite his followers with a message that barely contains enough details to even describe what the announcement could be about.

Justin Sun has teased an upcoming announcement that involves Tron (TRX) partnering with an unnamed “mega corporation.”

“Make a guess?”

This time around, Sun started off by saying that Tron will be partnering with a corporation that would seem to be valued at somewhere $100 billion. He went on to invite guesses. The tweet reads:

“TRON will partner with a hundred billion USD megacorporation next week. It will not only benefit $TRX but all TRC10&20 tokens including $BTT & $WIN etc. It will broadly distribute TRON Dapps and tokens to billions of customers. TBA. Make a guess?”

Sun’s tweet comes at a time when Tron, in sync with the entire crypto market, is experiencing a huge boost in price, showing a massive gain of more than 14% on the day.

At the beginning of September Justin Sun was accused by crypto market commentator Josh Rager of buying 5,000 to 6,000 Twitter followers per day. Rager said at the time:

“Looks like you’re still buying 5,000 to 6,000 followers per day. My favorite stat is how you went from losing net-negative followers per month to gaining 5k followers daily like clock work in late 2018.”

Rager did not stop there, and added: “You’re such a meme. I feel sorry for Tron investors.”

Lunch with Buffet

In June, Justin won a charity auction on eBay to have lunch with Warren Buffett, the billionaire CEO of Berkshire Hathaway and a notorious crypto skeptic. Sun’s winning bid was around $4.5 million, the highest bid ever in the event’s 20-year history. However, the Tron CEO was forced to postpone due to medical reasons and recently announced that he would reschedule his charity lunch with Buffett “very soon.”

Leave a Reply

Your email address will not be published.