Warren Buffett Makes a 10x Profit in Crypto, Says Justin Sun 🚀🚀
According to Tron founder Justin Sun, Berkshire Hathaway CEO and well-known Bitcoin critic Warren Buffett has made a 1000% profit on his Tron (TRX) holdings. Sun revealed that Buffett held onto TRX for more than four years, during which the cryptocurrency saw a 1000% increase, offering a daily return of 0.6%. This investment has made Buffett over 10 times wealthier compared to when he first acquired the tokens.
Justin Sun’s Connection with Warren Buffett
Known for promoting his projects, Justin Sun highlighted that holding crypto long-term is "the only way to win." He suggested that if Buffett had staked his TRX, he could have seen returns of up to 1300%. A link to Tronscan confirms that Buffett currently holds about 1.9 million TRX, valued at $284,146.72, along with other assets like US dollar-pegged stablecoin Tether (USDT).
Buffett, who has been critical of Bitcoin and crypto, once discussed the topic with Justin Sun during a dinner in 2020. Held in Omaha, Nebraska, at a private country club, the dinner included notable crypto figures such as Litecoin creator Charlie Lee, eToro CEO Yoni Assia, Huobi’s former CFO Chris Lee, and Binance Charity Foundation head Helen Hai. While Sun didn’t reveal specifics, he urged readers to "take Buffett’s advice" to improve the TRON ecosystem and its business partnerships.
The Appeal of Tron
A 1000% increase in 1688 days is a huge gain for any investor. While it’s unclear if Buffett controls the wallet personally, holding onto TRON has proven to be a profitable move. At the time of writing, TRX was trading at $0.1476, though it has been experiencing a bearish trend. Despite this, it could offer an opportunity for traders. Sun is currently pushing a memecoin revolution on the Layer 1 network, with plans to allocate 100% of SUN revenue to token burns, making TRON an even more attractive investment than when Buffett first encountered it.
