Warren Buffet Clarifies Donating Crypto Assets Handed Over By Justin Sun
- Warren Buffet's hard line on cryptocurrency has not changed despite some earnest convincing from Tron’s founder Justin Sun at the $4.6 million charity dinner.
- He apparently also donated the crypto assets handed over to him to his Glide Foundation.
Warren Buffet has made headlines again as the Oracle of Omaha has quelled the heated debate about his cryptocurrency ownership. This is despite Tron’s founder, Justin Sun, allegations that he handed Warren Buffet some Bitcoin and TRX in a Samsung wallet.
This was a topic that sparked a heated debate online as to who was less than forthcoming about ownership of the alleged crypto-assets according to reporter Betty Quick.
“My Twitter feed blew up because people were either saying that Warren Buffett was a liar or Justin Sun was a liar.”
The CEO of Berkshire Hathway has taken a hard line in regards to cryptocurrency. It was during a SquawkBox interview with reporter Betty Quick that he openly denied owning any cryptocurrency and ever having the intention to do so.
Yesterday, Warren Buffett said: "I don't own any cryptocurrency. I never will."
@justinsuntron gave cryptocurrency to Buffett at their meeting, and afterwards Buffett turned the wallet over to GLIDE Foundation as a donation, @BeckyQuick reports. pic.twitter.com/cciYHIohll
— Squawk Box (@SquawkCNBC) February 25, 2020
Betty however later clarified that Warren Buffet had donated the cryptocurrency to his Glide foundation. This was alongside the $4.6 million raised during the Warren Buffet Charity Lunch that was attended by Justin Sun alongside other cryptocurrencies top brass. They were unsuccessful in talking Warren Buffet, a cryptocurrency critic, to change his stance on crypto assets.
During the interview with the SquawkBox Warren Buffet joked about creating his own cryptocurrency with proof of ownership whose only value could be achieved from the transfer of ownership.
Justin Sun has proved that indeed Buffet received the BTC
Justin Sun has come out in his own defense insisting he can prove he actually gave Warren Buffet the BTC and TRX. In a tweet, he posted Buffet’s wallets addresses to prove that the crypto assets were still there.
He has thanked Squawk Box for clarifying that Warren’s Glide Foundation now owns the crypto assets.
“Thanks for the clarification & glad to know Glide Foundation owns it now. Hold on to it & take care of the precious $BTC / $TRX!”