Justin Sun's TRX Gift to Warren Buffett Shows Impressive 10-Fold Increase
CryptoNewsTerminal Staff06 Sep, 2024
Justin Sun's TRX Gift to Warren Buffett Shows Impressive 10-Fold Increase
Justin Sun, the founder of Tron, recently revealed that the 1.93 million TRX he gifted to Warren Buffett in 2020 has increased almost tenfold in value. At the time of the gift, the TRX was worth about $50 million; today, it is valued at around $289,000. Sun made this revelation during an interview, where he noted that Buffett's TRX investment had outperformed the rest of his portfolio. This statement highlights the potential returns that can be gained from investing in cryptocurrency, even for those who are not familiar with the space. Warren Buffett has not publicly commented on the value of his TRX holdings. However, his decision to donate the TRX to charity suggests that he is not particularly interested in profiting from it. Nonetheless, Sun's revelation is a testament to the potential growth of TRX and other cryptocurrencies.
