Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Follow him on Twitter to keep up with his latest work! B chairman and CEO Warren Buffett has auctioned a lunch with himself for one winner and up to seven friends, with all proceeds going to charity. The annual Buffett lunches generally command price tags in the millions, but this was the highest winning bid so far, and by a large margin.
However, the amount paid wasn't the biggest surprise. Instead of remaining anonymous, like most recent winners of Buffett lunch auctions, the winner quickly invest ethereum or not his identity.
TRON is one of the larger cryptocurrencies in the market. Excluding virtual currencies pegged to the U. Image source: The Motley Fool.
Buffett will be outnumbered by cryptocurrency power players As I mentioned, Sun has the ability to invite as many as seven guests for the lunch, in addition to himself and Buffett.
And Sun plans to fill the table with cryptocurrency power players.
Zhao has declined due to the distance he'd have to travel, but it's unclear whether the other two have accepted. Buffett hasn't exactly been a fan of cryptocurrencies Sun explained to CNBC that he's a believer in Buffett's investing strategy and has personally had success using Buffett-inspired strategies in his own life.
He also acknowledged that he hopes to change the Oracle of Omaha's opinion of cryptocurrencies, although Sun admits there's far too much ground to cover in a three-hour lunch meeting. To say that Buffett isn't a big fan of cryptocurrencies is a massive understatement.
In a CNBC interview, right around the time of bitcoin's all-time high, Buffett said that "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," and that if he could "buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it. It just sits there.
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It's like a seashell or something, and that is not an investment to me. To be fair, Buffett has acknowledged that there is indeed value in the blockchain technology that cryptocurrencies use.
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Many major corporations are investing in blockchain, and Buffett has said that Invest ethereum or not is likely investing in blockchain indirectly already. He's right. JPMorgan Chase, one of the stock investments in Berkshire Hathaway's portfolio, has massive investments in blockchain, and several other "Buffett stocks" likely have similar projects of their invest ethereum or not.
Can he be swayed?
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Sun clearly hopes invest ethereum or not change the Oracle of Omaha's mind about cryptocurrencies. As he invest ethereum or not explained in an open letter, "even one of the most successful investors of all times can sometimes miss a coming wave"; he mentioned that Buffett admittedly didn't recognize the potential of Amazon. Buffett released a statement saying that he's looking forward to the lunch, and is thrilled that the Glide Foundation the beneficiary of the lunch auction is getting such a large donation.
But will Buffett's views on bitcoin change? I'm not holding my breath -- but we'll have to wait until after his cryptocurrency power lunch takes place to know for sure. Motley Fool Returns.