The CEO announced the news during a live stream on Tuesday, Sept. 24.
An open invitation to the leader of the free world
As reported, Sun had won a charity auction on eBay in June to have lunch with Buffett and his own choice of guests, with a winning bid of $4,567,888 — the highest bid in the event’s 20-year history.
Yet just days ahead of the much-anticipated event, the Tron CEO was forced to postpone due to medical reasons. Confirmed guests had included Circle CEO Jeremy Allaire and Litecoin (LTC) creator Charlie Lee.
Ahead of its postponing, Sun had notably even extended an invitation to United States President Donald Trump, following the president’s scathing remarks about cryptocurrencies on social media. Sun had appealed:
“Mr. President, you are misled by fake news. #Bitcoin & #Blockchain happens to be the best chance for US! I’d love to invite you to have lunch with crypto leaders along with @WarrenBuffett on July 25. I guarantee you after this lunch, nobody will know crypto more than you!”
The president had not responded publicly to Sun’s invitation.
A vivid imagination
Buffett — who has earned the moniker of the “Oracle of Omaha” for his ostensibly astute investment picks — is notorious for his by-now ritual opprobrium toward Bitcoin.
Having memorably characterized bitcoin as “probably rat poison squared” in 2018, this year saw yet further metaphorical inventions, including the remark that:
“It [Bitcoin] doesn’t do anything. It just sits there. It’s like a seashell or something, and that is not an investment to me.”