TRON Founder Justin Sun Believe Warren Buffett Still Holds BTC & TRX

Tron founder Justin Sun thinks that multi-billionaire investor Warren Buffett holds Bitcoin [BTC] and Tron [TRX] despite being a hardcore crypto skeptic.

Sun met the chairman and CEO of Berkshire Hathaway at a charity feast, in 2020. Buffett has auctioned off a dinner with himself every year since 2000, with participants’ funds directed toward charity.

The crypto entrepreneur placed a record-breaking $4.5 million bid to win the dinner with the “Oracle of Omaha.”

Sun also gifted Buffett a Samsung Galaxy Fold 2 phone loaded with 1 Bitcoin and 1,930,830 TRX tokens, making one of the most influential investors a cryptocurrency holder. Some users noticed that the wallets containing gifted crypto had remained inactive.   

However, after the dinner, Buffett reportedly told Sun that he gave the phone to the GLIDE Foundation, a San Francisco-based nonprofit saying, “I don’t own any cryptocurrency. I never will.”

Hence, it is likely that the billionaire no longer has anything to do with the gifted crypto given that he has a strong distaste for cryptocurrencies.

The Berkshire Hathaway boss, the seventh richest person on the planet with an estimated net worth of $97 billion, is known as one of the bitter crypto critics who once called bitcoin as “rat poison squared.”

The comment caused a huge uproar in the crypto community with many advocates declaring him as crypto’s arch-enemy.

TRON Boss Refuse To Disclose What Transpired With Warren Buffett

Recently, the veteran investor said that he wouldn’t spend $25 for ‘all of the bitcoin in the world’, indicating that he would not be adding BTC to his portfolio any time soon.

Although TRON declined to comment on what was discussed over the meal, 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.”

The founder of the major blockchain network threw his weight behind FTX CEO Sam Bankman-Fried a.k.a SBF in offering financial support to firms in the digital asset space that are struggling amid the market downturn.

In a tweet earlier this month, Sun stated that he and the Tron protocol are “ready to serve.” According to a report from TronWeekly, Sun said he could spend up to $5 billion on acquisitions.

Lipika Deka: Lipika is a crypto-journalist at TWJ. A graduate in economics and finance, she has a keen interest in the political and socio-economic facets of blockchain technology and the cryptocurrency industry.