The Margin: Warren Buffett is about to get an earful of blockchain from a crypto exec who’s paying millions to eat lunch with him

The Margin: Warren Buffett is about to get an earful of blockchain from a crypto exec who’s paying millions to eat lunch with him

Justin Sun really wants to talk blockchain with Warren Buffett.


The founder of blockchain platform TRON and CEO of peer-to-peer streaming leader BitTorrent bid almost $4.6 million to win an auction to nosh with the Berkshire Hathaway BRK.A, +0.32% boss, according to a press release.


The proceeds benefit the San Francisco-based Glide Foundation.


“I’m looking forward to meeting a true pioneer in investing,” he said. “I’m excited to talk to Buffett about the promise of blockchain and to get valuable tips and insights from him about entrepreneurship and making bold bets on the future.”


Of course, Sun’s enthusiasm for digital currency — he launched the TRX token in 2017, and it’s become the 10th biggest crypto — might meet with some resistance, considering Buffett once referred to bitcoin as “rat poison squared.”


Sun, who can invite up to seven guests to the private lunch, told Bloomberg “it is very common in investment circles that people will change their minds.”


We’ll see about that.


Glide was introduced to Buffett by his first wife, who passed in 2004. The auction, which has previously been won by the likes of David Einhorn and Ted Weschler, has raised about $30 million since its inception 20 years ago.


Karen Hanrahan, CEO and president of Glide, said the money will go toward helping people overcome “homelessness, addiction, hunger and social isolation and reach their full potential.”