Justin Sun said he gave a bitcoin and Tron to Warren Buffett, who says he has no crypto. The mystery has now been solved.
Justin Sun recently had dinner with billionaire investor Warren Buffett after shelling out a cool US$4.6 million for charity. Sun gave Buffett a number of gifts during the dinner, including a Samsung Galaxy Fold that contained a single bitcoin along with almost 2 million Tron (worth just over $38,000). However, Buffett later said in an interview with CNBC’s Squawk Box that he held no cryptocurrency at all. This led some to question whether Sun gave any crypto at all to Buffett. The good news is that the mystery of the missing crypto has now been solved.
The only economic contribution of bitcoin is a fall in demand for suitcases because bitcoin makes it easier move money illegally, says Warren Buffett #btc #bitcoin #AskWarren pic.twitter.com/dyBTbyPRhk
— Squawk Box (@SquawkCNBC) February 24, 2020
Sun Defends Himself
Justin Sun took to Twitter to state the fact he had given Warren Buffett the cryptocurrency. He tweeted out the blockchain addresses for both the Bitcoin and TRON he handed over.
Of course, a cynical person could say a blockchain address doesn’t really prove anything as you don’t know who actually has the wallet. Luckily for Sun, the reporter who interviewed Warren Buffett, Becky Quick, came out and said Buffett gave the cryptocurrency wallet to the Glide Foundation, the charity that the dinner helped support.
One hopes that Buffett at least kept the bronze horse statue and the traditional Chinese paper cutting of a mouse that Sun also gave him. The statue is due to the fact that both Buffett and Sun were born in the Year of the Horse, and the mouse paper cutting is due to 2020 being the Year of the Mouse.
Amazing dinner w/ @WarrenBuffett finally! Thx for your support & advice on how to take #TRON to the next level! Loved our talk on #Bitcoin, @Tesla & #TRON! Glad to support @GLIDEsf as well! C U at #BRK2020 & our reunion meal in 2030! Details below 👇 pic.twitter.com/tjulvv2C9k
— Justin Sun (@justinsuntron) February 6, 2020
Warren Buffett Still No Fan of Cryptocurrency
Despite having a cordial dinner where both sides discussed cryptocurrency, Buffett’s belief that Bitcoin and other cryptocurrencies are worthless remains unshaken. He told Quick during the interview that he finds cryptocurrencies “have no value, and they don’t produce anything.”
His criticism didn’t end there. He vented:
Cryptocurrency can’t reproduce. It doesn’t deliver. It can’t mail you a check. It can’t do anything. What you hope is that somebody else comes along and pays you more money for it later on, but then that person has got the problem.
Buffett also trotted out the old, tired refrain that cryptocurrency is intimately involved in criminal activity. He said that one effect of Bitcoin would be to “short suitcases.” This remark pertains to his view that criminals can now use Bitcoin and other virtual currencies to transport their ill-gotten loot instead of carrying suitcases stuffed with cash.
You can lead a horse to water, but you can’t make him drink. Despite all the benefits of cryptocurrency touted by Sun and his dinner companions, Buffett remains stubbornly in the past. Of course, with a net worth of almost $89 billion, who can blame him from staying fixated on fiat?
Images courtesy of Twitter/@SquawkCNBC, Twitter/@justinsuntron, and Pixabay.
Source: https://bitcoinerx.com/bitcoin/mystery-solved-warren-buffett-s-missing-cryptocurrency-found/
