Warren Buffett Just Made a 10x In Crypto, Reveals Justin Sun

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As a seasoned crypto investor with a keen eye for potential growth opportunities, I find the recent revelation about Warren Buffet’s investment in Tron (TRX) intriguing. Having closely followed the crypto market since its inception, I can attest that such a return on investment (ROI) is nothing short of remarkable.

Tron founder Justin Sun took to X to reveal the latest crypto win recorded by American entrepreneur Warren Buffet. According to Sun, the CEO of Berkshire Hathaway held the Tron (TRX) for more than 4 years. In that time, TRX gained 1000% with a daily return of 0.6%, making Buffett more than 10x richer than when he first made the investment.

Justin Sun’s Relationship With Warren Buffett

Currently referred to as a significant advocate for Sun Pump, Justin Sun recently emphasized that investing in crypto is the path to success, claiming it as “the only way to triumph.” Furthermore, he opines that staking the TRX token could potentially yield returns as high as 1300% for an affluent investor like Buffett. A provided Tronscan link corroborates Sun’s statement, suggesting that Buffett currently owns approximately 1.9 million TRX, valued at around $284,146.72.

As a researcher, I discovered that this wallet contained various digital currencies, among them was Tether (USDT), a stablecoin pegged to the US dollar. While Warren Buffett has been known for his skepticism towards Bitcoin and cryptocurrency, he did engage in a discussion about the topic with Justin Sun during their dinner in 2020.

On January 23, 2020, the dinner took place at a private country club located in Omaha, Nebraska – which is where Berkshire Hathaway is headquartered. Besides Justin Sun, several prominent figures from the cryptocurrency industry were also present.

Charlie Lee (creator of Litecoin), Yoni Assia (CEO of eToro), Chris Lee (former CFO of Huobi), and Helen Hai (head of Binance Charity Foundation) were mentioned. Sun didn’t provide details, but he encouraged his followers to follow Warren Buffett’s suggestions and leadership to improve the TRON ecosystem, collaborate with all partners in the blockchain industry, and beyond.

Despite finding it challenging to decipher this message, the fact that Warren Buffett held onto the Tron Sun that was given to him carries a powerful meaning.

The Attractiveness of Tron

A 1000% price growth in 1688 days is a significant profit margin for any investors. While it is not confirmed that Warren Buffett is really in control of the wallet, HODLing Tron has proven to be worth it. According to a recent Tron price analysis,  TRX has been fighting intense drawdown thus far this month. At the time of writing, it was trading at $0.1476 with 1.46%.

Over the past week, this bearish trend could present a clear chance for traders to grab a piece of the action. Justin Sun is spearheading an energetic development of memecoins on the Layer 1 network. Initially, the Sun Pump meme launch platform surpassed Pump Fun’s peak performance. However, there has been a recent slowdown in momentum.

Instead of investing in traditional methods like Buffett, considering Tron memecoins such as Sun Dog could be a promising approach. This is because the team behind Sun Dog intends to use all generated SUN revenue for token burning, making the network more appealing compared to when Buffett initially encountered it.

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2024-09-06 23:41