[image credit : Business Insider]
FortuneZ reported that Warren Buffett doubled down on his anti-bitcoin approach, calling the cryptocurrency “worthless” and bashing it by saying its economic impact was to reduce demand for suitcases.
His comments came after a meal with TRON Founder Justin Sun and other prominent figures from the cryptocurrency space – including Litecoin’s Charlie Lee and eToro’s Yoni Assia. In the interview where he made those comments where he was asked how it feels to be a ‘bitcoiner’ as Sun said he sent the billionaire investor 1 BTC and 1.9 million TRX, as well as various TRC-20 tokens.
Buffett responded he didn’t hold any cryptocurrency and added he “never will.” His comments soon became controversial as some claimed Sun was laying. This saw the entrepreneur – who’s acquired crypto exchange Poloniex, BitTorrent, and Steemit – share the transaction records on social media to prove he was telling the truth.
Sun also shared the TRON account created for Buffett, which currently holds over 1.9 million TRX, 20,000 BTT, 19,000 WINk, and some other tokens. In total, the address has nearly $30,000 worth of TRX and TRC-20 and TRC-10 tokens.
Twitter users quickly responded to Sun’s tweets, prompting CNBC reporter Becky Quick to try and find out why the ‘Oracle of Omaha’ said he didn’t own any cryptocurrency, even though blockchain transaction records show he was gifted some.
Quick revealed later on that she called Buffett to clarify the ordeal. The CEO of Berkshire Hathaway reportedly replied that he donated the nearly $40,000 worth of cryptocurrency to the GLIDE Foundation, which he was raising money for.
Notably, Sun had dinner with Buffett after paying a record $4.6 million in an auction whose proceeds go to the anti-poverty non-profit organization based in San Francisco.