Blockchain network Tron’s founder Justin Sun, has postponed his high-profile lunch with Warren Buffet, on account of his ill-health. A tweet posted by the Tron Foundation said, “TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones. Parties agreed to reschedule at a later date. @GLIDEsf @WarrenBuffett”
TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones. Parties agreed to reschedule at a later date. @GLIDEsf @WarrenBuffett
— TRON Foundation (@Tronfoundation) July 22, 2019
For those uninitiated, in June this year, the pioneer of value investing who termed Bitcoin “delusion”, “useless” and even “rat poison squared” was going to sit down with a maverick of very same cryptocurrency space because he had been paid handsomely to do so!
Justin Sun, the Founder and CEO of TRON network, decided to shell out a record $4.5 million for a meeting with Warren Buffett, and he planned to use the opportunity for changing the mind of Mr. Buffett regarding cryptocurrencies.
The backstage for this dinner was set by Buffett himself on 26th of May when he opened an eBay auction for the tickets of a charity lunch with him. The lunch is held by him every year to raise funds for Glide Charity Foundation, a charity that was supported by his late wife Susan. Buffett knows that people are willing to pay a lot for spending some time with him, so he uses that opportunity to raise funds for this charity. The money raised through these luncheons is spent by Glide Charity Foundation to provide meals to city’s homeless.
At the time Sun had said, “It is very common in investment circles that people will change their minds. Investment opportunities are best when lots of people are underestimating the technology.”
Buffett was also looking forward to the lunch. At the time he had said, “I’m delighted with the fact that Justin has won the lunch and am looking forward to meeting him and his friends. We are going to have a good time, and Glide will use his contribution to help many thousands of people.”
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