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Buffett, the billionaire chairman of Berkshire Hathaway Inc <BRKa.N>
who once called bitcoin "probably rat poison squared", was due
to have lunch with Sun on Wednesday, after Sun won a charity
auction with a record $4.57 million bid.
Sun had said that he hoped the lunch would "bridge the gap
between institutional and traditional investors and the realm of
cryptocurrency and blockchain technology."
"TRON Foundation announces postponement of Warren Buffett lunch,
press conferences after founder Justin Sun falls ill with kidney
stones," said a tweet from the foundation on Monday evening in
the United States.
The parties agreed to reschedule at a later date, the tweet
added.
Tronix, the foundation's token, dropped 12.3 percent following
the news, price data from Coinbase showed.
Buffett is highly skeptical of cryptocurrencies. At Berkshire's
annual meeting last month, he likened wagering on bitcoin to
betting on zero or double-zero on a Las Vegas roulette wheel.
TRON says its goal is to establish a decentralized internet. It
launched its TRX token in 2017, raising about $70 million in an
initial coin offering, and acquired San Francisco-based
BitTorrent for $120 million in cash last year.
(Reporting by Alun John; Editing by Muralikumar Anantharaman)
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