Justin Sun Sets Warren Buffett Lunch for a Later Date
By Luke Flowers – Cryptocurrency Enthusiast
It was announced on Monday that Tron founder, Justin Sun, postponed his highly anticipated lunch with Warren Buffett. The Tron Foundation announced through Twitter that Sun had fallen ill with kidney stones. Both parties have agreed to reschedule their original meetup to a later date.
The tweet wrote:
"TRON Foundation announces the postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones."
Previously scheduled for July 25th, the lunch was the prize for winning a charity auction. Earlier this year, Sun had bid over $4.6 million and had intended to introduce several crypto influencers to the notoriously sceptical Buffett. In the past he has voiced his criticism on buying and selling Bitcoin.
Sun had already arranged Huobi's Chris Lee, Circle's Jeremy Allaire, Litecoin creator Charlie Lee and eToro's Yoni Assia to join him. These prominent advocates of the industry have encouraged users to buy and sell cryptocurrency and have strong beliefs on the benefits they can bring.
Nothing was disclosed as to what was intended to be discussed during the charity meal, however, Buffett is renowned for calling Bitcoin "rat poison squared," and other degrading terms for cryptocurrencies without fully understanding the technology.
Sun, who is as equally a controversial figure on the matter, is not only the creator of the Tron cryptocurrency, but also the CEO of the eponymous foundation as well. He successfully negotiated to have the lunch moved from its traditional location in New York to Silicon Valley. Probably to encourage others to join and voice their opinion on how buying crypto can help the industry grow and develop.
Sun had hoped the lunch would "bridge the gap between institutional and traditional investors and the realm of cryptocurrency and blockchain technology." Institutional investment still shadows any other investment class but blockchain has shown traditional investment can still impact greatly. Most start-ups have thrived due to users buying and selling Bitcoin and investing in their project.
Following the news of the rescheduled lunch date, the foundation's token had dropped by 12.3% according to the price data from CoinMarketCap.
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