Warren Buffet Impressed With Blockchain Technology Not Cryptocurrencies

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Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.
  • Tron Foundation’s official Twitter account posted a tweet today mentioning that Warren Buffet has said that Blockchain has value.
  • Warren Buffet hosts a charity event every year to honor the Glide Foundation.
  • Warren Buffet is an influential person, and if he supports Tron, a lot of people will start supporting Tron as well.

Tron Foundation‘s official Twitter account posted a tweet today mentioning that Warren Buffet has said that Blockchain has value. There are many companies in the payments business, and it has a huge demand. The tweet also mentioned that Warren Buffet thinks Blockchain will have a huge impact on future payments.

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However, Buffet is also the person who said that Bitcoin is a poor investment choice and would prefer buying land instead of cryptocurrency.

Warren Buffet hosts a charity event every year to honor the Glide Foundation. Tron CEO Justin Sun made a bid of 4.6 million dollars in 2019 to attend that year’s lunch. This bid created a huge buzz, and everyone was looking at what would be the result of Justin and Warren Buffet’s meeting.

Warren Buffet is an influential person, and if he supports Tron, a lot of people will start supporting Tron as well. Unfortunately, a medical emergency prevented Justin from attending that event. However, some reports suggested that Justin was actually ordered not to leave China as his business was under investigation.

In the end, Justin managed to meet Warren Buffet for lunch on January 23rd. Justin tweeted about his meeting with the business magnate and mentioned that he gave him a Samsung Fold phone with Bitcoin and Tron.

He also mentioned the wallet address to ensure that the community knows Warren’s Bitcoin and Tron account and make donations to convince Buffet to make a statement.

However, Buffet, who claimed Bitcoin is like Rat poison, hasn’t changed his stance. He might have said that Blockchain technology has a lot of potentials, but it doesn’t mean that he changed his opinion about cryptocurrency or would start investing in them.

This tweet was ridiculed by many Twitter users who think it is another attempt by Tron to get people talking. Some users pointed out that Blockchain is an enabler of cryptocurrency, and supporting Blockchain doesn’t mean the person supports cryptocurrency.

As for Warren Buffet, he still believes stocks and equities are a better option, even if Bitcoin has some value.

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