After more than six months of delaying a $ 4.5 million meal with billionaire Warren Buffett, Justin Sun has an official appointment with him. And here is a summary of Buffett's views on Bitcoin and Blockchain in conversation with Sun.
Great things take time. Thank you @WarrenBuffett for your dinner, wisdom, & vision. It is always remember your sage advice on making #TRON more successful. Interesting talk re charities, #Bitcoin, @Tesla & #TRON. C U at # BRK2020 & look forward to reunion meal in 2030! https://t.co/3jf75udzLl pic.twitter.com/d3jDmTO7ju
- Justin Sun (@justinsuntron) February 6, 2020
One of the most memorable experiences that Sun share is that he showed Buffett how to use Tron to transfer tokens through the Samsung Galaxy Fold he gave away. After that, 45,67888 TRX was shipped immediately. This coincides with the figure he won at the Glide Foundation donation auction for lunch with Warren Buffett of $ 4,567,888.
A Samsung Galaxy Fold 2 with TRON blockchain is attached, including 1 Bitcoin, 1,930,830 TRX, 100 BTT, 100 WIN and 100 TRC20-USDT that Sun has given Buffett.
Seeing the transfer complete, Buffett was delighted and said that Blockchain was worth it. According to him, there are many incredible companies in the field of payment, and it is in great demand. Mr. Buffett went on to say that Blockchain technology will have a groundbreaking impact on the future of payment.
Buffett said that not everyone needs a bank. For example, his wife had not used any banking services for 15 years and relied only on cash and checks. She did not feel uncomfortable.
Warren Buffett mentioned Bitcoin, but don't forget to criticize it
Buffett also cited why he didn't think Bitcoin was a good investment. Because he recognizes the value of Blockchain itself and not all depends on Bitcoin.
Buffett thinks that people get protection from stocks and equity. The current US dollar system is doing this well. Bitcoin is simply a changing operation, it has no added value.
He compared buying Bitcoin with buying a piece of land. We can plant something on that land and harvest it. However, Bitcoin is not. Bitcoin cannot capture the value of Blockchain. Just because something is valuable doesn't mean it means a good investment.
Sun tries to help Buffett have a more positive view of the cryptocurrency industry. Sun has described how Bitcoin will become the currency of the next generation. Sun even agrees with the concept of high-value Bitcoin. But, he thought his nephew would do it.
However, Buffett just smiled and said that it would not happen. He is confident that his grandson will instead inherit his wealth in US dollars more than Bitcoin.
Buffett's level of aversion to Bitcoin in the past has not yet decreased
For a long time, Warren Buffett has repeatedly criticized the cryptocurrency sector and asserted that Bitcoin is not an investment.
Previously, in meeting Berkshire Hathaway's annual shareholder, Warren Buffett was once again asked to share his thoughts on Bitcoin. No different from what happened in the past, this billionaire uses new comparisons.
“This is a gambling tool, there are a lot of scams involving Bitcoin. A lot of money has been lost here. Bitcoin creates no value. ”
Perhaps not yet feeling enough, this billionaire investor continued to say:
“Bitcoin is useless. It just sits still in one place, like a seashell. And that is not an investment for me. "
Buffett even compared the cryptocurrency as a button on his jacket:
“I will remove a button here. Now Bitcoin is like a small token. Then I'll sell it to you for $ 1,000 and see if I can make up to $ 2,000 by the end of the day. But remember that the buttons are only used once, not to mention that they are very limited ”.
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