Buffett has just 1 bitcoin and more than 1 million TRX-Justin Sun

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Justin Sun, the founder of the famous cryptocurrency network Tron, said in a tweet earlier today, January 4, 2021, that against general opinion, billionaire Warren Buffett owns some cryptocurrency properties. In his tweet, Mr. Sun claims Warren owns one Bitcoin and over one million Tron TRX tokens.

Warren Buffett isn’t a Nocoiner, Justin Sun says

Justin Sun, despite common opinion, heard that the renowned Berkshire Hathaway CEO, American businessman, and company tycoon, “technically” controls certain cryptocurrencies—one bitcoin and one million TRX tokens.

This came as a surprise as the media depicted Warren Buffett as someone who isn’t involved in Bitcoin or some other blockchain at some point soon.

At the beginning of 2020, Buffett, the Oracle of Omaha, as he has always claimed, repeated that he had no cryptocurrency whatsoever and will never do so, as Becky Fast told CNBC in the Squawk Box interview. His explanation is because cryptocurrency has little meaning and does not generate something.

Mr. Buffett also once called bitcoin “rat poison.” In his words, he said bitcoin is “probably rat poison squared.”

Mr. Sun had hinted he gave Mr. Buffett a pair of Samsung Galaxy fold loaded with a little over one bitcoin as he shares the Bitcoin address: 3AsXDKX1etLgegepVeJbhj7WeZiypVMgdt, alongside 1,930,830 TRX tokens, which he says is equivalent to his birthday. Mr. Buffett, who was said to have joked to “wishing he was born later so that he could have received more tokens”, has since denied holding any cryptocurrencies.

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However, in light of this, Justin Sun informs trolls that Warren Buffett is on a ride while they “have fun staying poor.”

Community reacts

As one commentator noted, the TRX tokens have been up since the billionaire got the TRX tokens.

As of February 6, 2020, Justin Sun revealed that he had contributed 2 million TRX tokens to Warren Buffett. TRX was valued at as much as $0.023 per TRX coin, worth around $45,000 at the time. Today, TRX is valued at $0.029 per coin, sending Mr. Warren Buffett up to $55,994.07 worth of TRX tokens, an improvement of 24.43 per cent.

On the other hand, one bitcoin at around the same period cost about 10,000 dollars, which now costs $31,278 as at the time of writing.

However, another commenter with the handle @mcpauld believes Justin Sun’s tweet was a marketing strategy, calling him a marketeer. He also says Justin Sun could have put the 1 million Tron tokens gifted to Mr. Buffett to better use.

 346 Interactions,  4 today

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