On Thursday, Warren Buffett‘s annual charity dinner will be held. Justin Sun, the founder of digital currency Tron, won the $4.57 million lunch auction.
The winning bidder has the right to invite seven friends to lunch with Buffett at the Smith & Wolensky restaurant in Manhattan.
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“I want to invite my good friend Yoni Assia, the founder and CEO of eToro, to join me for lunch with Warren Buffett,” said Justin Sun on Twitter. “Four days left and more friends to invite.”
Asia replied on Twitter, “Justin, I would be honored to join you for lunch, a great step to connect the traditional financial world with the new world.” Sun also invited Jeremy Allaire, chief executive of the Crypto Circle, to all the proceeds of the meal to GLIDE Foundation, an organization that helps the poor and homeless in San Francisco.
Justin, it is my honor to join you for lunch with @WarrenBuffett , A big step for bridging between the traditional finance world and the new one !
There is a huge opportunity to use #BlockChainForGood and happy to share our research on @TheGoodDollar with #TheOracleFromOmaha https://t.co/H7oSxO5QRg
— Yoni Assia (@yoniassia) July 21, 2019
This year’s lunch will be particularly interesting. Buffett was sharply critical of digital currencies in the past, and on one occasion referred to the digital currency Bitcoin as “rat poison in a square”. In an interview with CNBC in February, Buffett said, “Blockchain technology is important, but Bitcoin has no unique value.
eToro was founded in 2009 by Assia and his brother Ronen Assia and Dudu Ring. The company is a digital broker accompanied by an interface reminiscent of social networks, allowing investors in the markets to track the investment activities of other investors, and copy investment patterns.
The company earns commissions on every deal made through it. The company enables digital currency trading and three months ago launched a dedicated digital currency trading arena called eToroX.
This is the 20th year of the auction. At the first sale, the meal was sold for $25,000. The amount offered this year breaks the record set in 2012 when the meal was sold for $3.46 million. So far, Buffett has raised more than $30 million in the auction for Glade.