Justin Sun AND Warren BuffettCryptocurrency entrepreneur Justin Sun has postponed his $4.57 million charity lunch with Warren Buffett due to ill health, according to a tweet from Sun's TRON Foundation.
Buffett, the billionaire chairman of Berkshire Hathaway Inc who once
called bitcoin "probably rat poison squared", was due to have lunch with
Sun on Wednesday, after Sun won a charity auction with a record $4.57
million bid.
Sun had said that he hoped the lunch would "bridge
the gap between institutional and traditional investors and the realm of
cryptocurrency and blockchain technology."
"TRON Foundation
announces postponement of Warren Buffett lunch, press conferences after
founder Justin Sun falls ill with kidney stones," said a tweet from the
foundation on Monday evening in the United States.
The parties agreed to reschedule at a later date, the tweet added.
Tronix, the foundation's token, dropped 12.3 percent following the news, price data from Coinbase showed.
Buffett
is highly sceptical of cryptocurrencies. At Berkshire's annual meeting
last month, he likened wagering on bitcoin to betting on zero or
double-zero on a Las Vegas roulette wheel.
TRON says its goal is
to establish a decentralised internet. It launched its TRX token in
2017, raising about $70 million in an initial coin offering, and
acquired San Francisco-based BitTorrent for $120 million in cash last
year.
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