Warren Buffett recently said that he does not own any cryptocurrency, but Tron (TRX) founder Justin Sunday begs to differ.

Speaking to CNBC reporter Becky Quick on Feb. 24, billionaire Buffett said that he does not own crypto and derided its supposed lack of purpose:

"I don't own whatsoever cryptocurrency. I never will […] You lot tin can't do annihilation with it except sell it to somebody else."

Withal, on Feb. 25, Sun said in a tweet that he had gifted cryptocurrency to Buffett and that blockchain data proves that the billionaire did non move his souvenir of crypto assets:

"The cryptos $BTC/$TRX Mr. Buffett owns remain intact w/ #blockchain proof which is the beauty of blockchain."

Sun too admitted that, while Buffett "owns" cryptocurrency, he would not ascertain Buffett as a crypto investor. Lord's day added that the value of the Bitcoin (BTC) and Tron he gave Buffett has already increased by 20%.

Buffett ostensibly received the gift at his famous charity dejeuner, which Lord's day won at auction terminal year. The two met at a private non-for-profit country club in Nebraska along with other crypto luminaries including Charlie Lee, founder of the Litecoin Foundation, and Chris Lee, the CFO of major cryptocurrency exchange Huobi.

Financial heavyweights criticize crypto for its illicit connections

Warren justified his lack of interest in cryptocurrencies past maxim that they have no value and that "Bitcoin has been used to movement around a fair corporeality of coin illegally." He is not the first fellow member of the world's financial elite to express distaste towards cryptocurrencies because of their purported prevalence in illicit activities.

For instance, in February 2022, Bill Gates stated that cryptocurrencies are "a rare technology that has acquired deaths in a fairly direct mode," referring to drug-related deaths.

Billionaire Mark Cuban, like Buffett, sees Bitcoin as having no value. He said at the terminate of September that he would "rather have bananas" than Bitcoin, because he tin can at to the lowest degree swallow them.