Warren Buffett Was Once Praised By Vitalik Buterin As An 'Excellent Charity Allocator, If You Invested $1,000 In Ethereum At That Moment, Here's How Much You'd Have Today

Veteran stock investor Warren Buffett is one of the richest individuals on the planet, with a net worth exceeding $142 billion as of this writing.

While discussions about his enormous fortune and publicly traded conglomerate Berkshire Hathaway have dominated headlines over the years, his charitable endeavors have also received notice on occasions.

What happened: Ethereum ETH/USD creator Vitalik Buterin, who is one of the most influential voices in the cryptocurrency space, made one such fleeting reference to Buffett's humanitarian efforts in an X post from Jun. 2020.

The post was about Tron TRX/USD founder Justin Sun's lunch with the “Oracle of Omaha." Sun won the eBay charity auction to have lunch with Buffett with a record $4.57 million bid. 

"I strongly support him donating $4 million+ to Warren Buffett to have that lunch; my impression is that Buffett is an excellent charity allocator," Buterin said.

Buterin's charity reference was in response to a question about what he had in common with Sun.

I strongly support him donating $4m+ to Warren Buffett to have that lunch; my impression is that Buffett is an excellent charity allocator.

— vitalik.eth (@VitalikButerin) June 7, 2020

Buterin's remark seemed like a normal, no-frills compliment for the veteran investor. However, with two well-known individuals in the fray, it is possible that some investment decisions could have been influenced.

At the time, the native cryptocurrency Ether was priced at $244.56. So, an investment of $1000 would have fetched you 4.09 units of the asset.

Today, one unit of ETH is valued at $3,418.88. So, if you resisted selling the stash, it would be worth $13,979.71 today, reflecting a profit of 1297.97%.

See Also: Crypto Analyst Foresees Dogecoin Price Rebound As Whales Increase Holdings

Why It Matters: It is estimated that Buffett is the largest philanthropist of all time, with more than 99% of his wealth set to go to charity during his lifetime or at death.

Back in 2006, the legendary stock picker pledged to gradually give away all of his Berkshire Hathaway stock to philanthropic foundations.

That said, Buffet hasn't been charitable toward cryptocurrencies over the years. He once predicted a "bad ending" for the asset class, deeming them "dime's worth."

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