Saturday, June 22, 2024

Litecoin Creator Charlie Lee’s $4.5m Crypto Charity Lunch with Warren Buffett.

Final week Litecoin creator, Charlie Lee together with Chris Lee, Helen Hai, Yoni Assia and Justin Solar (who was the one to put the successful bid of $4.5m final yr), lastly sat down with Warren Buffet of Berkshire Hathaway on the Glad Hole Membership in Nebraska, US for Lunch.

Solar spoke final yr of his hope that the assembly could be an opportunity to “bridge the hole between institutional and conventional traders and the realm of cryptocurrency and blockchain know-how.” Nonetheless, after being delayed for over 6 months it started to appear to be the entire thing would fall via, till unannounced, Solar, posted a picture of the group to his twitter feed stating:

Most scrumptious meal ever! Thks @WarrenBuffett for taking us to Glad Hole Membership! $4.56 MIL for a $515.05 dinner was cash properly spent! The insights I acquired are priceless. I loved each chew with my buddies.

Solar additionally gifted Buffett 2 Samsung galaxy fold gadgets together with 1 bitcoin saved on this public deal with — 3AsXDKX1etLgegepVeJbhj7WeZiypVMgdt, noting that it had already elevated 16% in worth.

The meal seems to have been a considerably quiet affair all in all, with solely Solar recounting the occasion publicly, nevertheless he does share additional insights to the conversations that passed off occurring to put in writing:

@WarrenBuffett believes there may be nice potential in #blockchain & numerous his portfolio firms are exploring it similar to @jpmorgan. He’s curious to see how #blockchain will play out within the fee business within the subsequent 10 yrs. I’ve numerous work in retailer for me
he feels #Bitcoin nonetheless wants a variety of work with a purpose to seize the worth of #blockchain. I instructed Mr. Buffett #Bitcoin is the forex for the following era, Mr. Buffett smiled and stated “I’m positive my grandson would relatively inherit my wealth in $USD.”

It seems there may be nonetheless some convincing to be accomplished earlier than any mass institutional acceptance, however that additionally means there may be additionally much more progress to come back from this area, which is nice information for present cryptocurrency traders.

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