Warren Buffett’s Small Crypto Investment Turns Into 1000% Surge: Justin Sun Weighs In
The post Warren Buffett’s Small Crypto Investment Turns Into 1000% Surge: Justin Sun Weighs In appeared first on Coinpedia Fintech News
In 2020, Justin Sun, the founder of the Tron blockchain, famously gifted 1,930,830 TRX coins to renowned American entrepreneur Warren Buffett. At the time, the value of the TRX gift was approximately $31,086. Fast forward to 2024, that same holding has surged by 1000%, bringing Buffett’s TRX holdings to a remarkable $289,000.
Warren Buffett Crypto Holding Surge By 1000%This was all began with a charity dinner, where Justin Sun paid $4.57 million for the chance to dine with Warren Buffett. During that 2020 dinner, Sun gifted Buffett 1.93 million TRX coins, worth around $31,086 at the time.
According to Sun, Buffett has held onto those TRX coins for 1,688 days, during which their value has skyrocketed by over 1000%. The initial $31,086 has now surged to $289,000, marking a 10x increase. Sun also pointed out that Buffett’s TRX holdings have generated an average daily return of 0.6%.
.@WarrenBuffett has held TRX for 1,688 days and gained over 1000%, with a daily return of 0.6%. His story shows that the only way to win in crypto is to hold. (btw, if he had staked TRX, his return would have been 1300%