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TRON and BitTorrent CEO Justin Sun just postponed his lunch with Warren Buffett due to sudden health complications just three days ahead of the meeting, according to a post on Weibo.
Even though just few days ago TRON‘s CEO Justin Sun invited Chris Lee, the CFO, Board Secretary and VP of International Business Development from Huobi and the founder and CEO of trading platform eToro, Yoni Assia to join his charity lunch with Warren Buffett, he had to reschedule due to his kidney stones.
Dovey Wan founding partner of Primitive Ventures and expert on the Chinese cryptocurrency markets posted a screenshot of an announcement from Justin Sun on Chinese social media app Weibo.
BREAKING and LOL @justinsuntron cancelled his launch with Warren Buffet .. due to health issue, for REAL ??♀️??♀️
See attached from his Weibo update .. (original and auto-translated) pic.twitter.com/IUZKo5WXaS
— Dovey Wan ? ? (@DoveyWan) July 22, 2019
The translation says:
“Thanks to friends from all walks of life for their concern. I was in the hospital for sudden kidney stones, and I cancelled the lunch with Mr. Buffett. At present, the physical condition is all stable and in the recovery period. Please forgive me. After the recent physical recovery, you will soon meet the outside world. The donation to the Glide Foundation has been completed and is still valid.”
TRON Foundation also tweeted their official announcement:
TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones. Parties agreed to reschedule at a later date. @GLIDEsf @WarrenBuffett
— TRON Foundation (@Tronfoundation) July 22, 2019
As for now, we know that both of the parties have “agreed to reschedule at a later date.”
Just for a reminder, the lunch was scheduled for July 25, and it was the prize for winning a charity auction. Sun bid $4.6 million earlier this year wanting to introduce the traditional and skeptical Buffett to a number of influential figures in the crypto space.
In response to the news, the price of TRX dropped 15.68 percent to a low of $0.024 and it keeps falling at the time of writing.
Buffett was always really skeptical of cryptocurrencies. At Berkshire’s annual meeting last month, he even likened wagering on Bitcoin to betting on zero or double-zero on a Las Vegas roulette wheel. He is also known for calling Bitcoin “a gambling device”. He said:
“There’s been a lot of frauds connected with it. There’s been disappearances, so there’s a lot lost on it. Bitcoin hasn’t produced anything. It doesn’t do anything. It just sits there. It’s like a seashell or something, and that is not an investment to me.”
Even though Sun admitted that he’s not sure how much he could persuade Buffett in three hours or less, he said he would point him to the recent moves by other big companies to embrace crypto. J.P. Morgan, IBM and Facebook are all jumping into the market based on its promise of borderless commerce and decentralized finance.
Except for Chris Lee and Yoni Asia, the other attendees should have been Charlie Lee – the creator of peer-to-peer internet currency payment service provider Litecoin and Jeremy Allaire, co-founder and chief executive of payments technology company Circle.
Sun even sent an invitation to US President Donald Trump on Twitter after Trump said on July 12 that he was “not a fan of Bitcoin and other cryptocurrencies” and “unregulated cryptoassets can facilitate unlawful behavior, including the drugs trade and other illegal activity”, but still hasn’t received the answer.
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!
— Justin Sun (@justinsuntron) July 12, 2019
Who knows, when they agree for another date – maybe even Trump decides to show up. However it ends, we wish him fast recovery.