As Tronsters were enthusiastically waiting for the “big announcement”, the suspense was broken by Justin Sun, who took to Twitter to announce his win at the eBay charity auction to have lunch with the highly-esteemed investor, philanthropist and CEO of Berkshire Hathaway, Warren Buffett.
Justin Sun, owner of BitTorrent and CEO of Tron Foundation, bid a whopping USD 4.57 million at the 20th annual charity lunch to break the record held by Warren Buffett for the past 20 years. The previous record was set at USD 3.45 million in 2016.
The amount will be contributed to the San Francisco based charity organization, Glide Foundation. This foundation provides assistance to the homeless with a goal to establish a community living with poverty and marginalization.
Highlighting the importance of such a foundation, Sun said:
“BitTorrent and TRON’s US headquarters are in San Francisco, and bidding on this charity auction was a key priority for our team. I’m proud to have my bid donated to GLIDE, a foundation that provides critical support for our local homeless community.”
Previously, Warren had openly shown his skepticism towards cryptocurrencies. However, he did see potential in the underlying technology of cryptocurrencies, Blockchain. In an open letter to the community, Justice Sun revealed that he hopes to secure a mutual understanding through rightful communication to build Buffett’s confidence in cryptocurrencies and the blockchain technology. He said:
“I also firmly believe that with the right communication and understanding, Buffett will change his overall stance on cryptocurrency and blockchain, allowing this new investment strategy to become integrated into his overall portfolio.”
He further stated:
“I want to close by noting that this is not only a personal highlight for me or even a great day for TRON and BitTorrent; I see this as a win for the entire blockchain community. I can’t wait for the lunch and the opportunity to learn from a master investor and hope he will take away a few insights from us!”
Binance CEO, Changpeng Zhao, pointed out to the importance of the move for pushing adoption as a pathway for the entire financial world to set eyes on cryptocurrencies.
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