Cryptocurrencies

Bars for sale against Bitcoin (BTC) – Cryptocurrencies

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It is always difficult to buy a coffee with Bitcoin (BTC) but, you can buy a whole restaurant. This owner of a New York bar has put his restaurants up for sale: advice to cryptophiles who have dreamed of becoming a restaurateur in an American city unfortunately in decline, economically “infected” by covid-19.

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A restaurant at 25 BTC

The bitcoiner and owner of a bar New York, Patrick hughes, proposes to sell 2 of its restaurants to Manhattan in cryptocurrencies.

According to an article in New York Times published on January 9, 2021, Hughes is ready to accept payment in Bitcoin and Ether for Hellcat Annie’s and Scruffy Duffy’s, which are respectively located in the 10th avenue of the city of New York.

The displayed price is 800 ETH or 25 BTC. Hughes said he hoped to attract a cryptophile who always wanted to open a bar.

He also explained that containment measures linked to the pandemic are the main reason for the sale. It was even forced to reduce its workforce from 50 to 5 people.

New York will follow the bankruptcy of the fiats

Many users criticized Hughes on social networks, for the timing of the sale.

The Bitcoin climbed to the $ 42,000 level and despite the major correction that followed, the bulls managed to defend the $ 30,000.

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Most New York businesses, however, are still feeling the effects of the pandemic.

An editor had indicated that the city of New York was a rapidly depreciating asset, with a significant exodus from the city.

One Twitter user pointed out that no one would be willing to commit to a 30-day escrow period that could double the sale price after converting to fiats.

Bars and restaurants like the Room 77, in Germany, encourage the adoption of cryptocurrencies by offering them as a means of payment.

This establishment had closed its doors in October 2020, probably due to restrictions due to the pandemic.

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Restaurants that would become the haunt of cryptophiles in New York: a niche market that would quickly make 25 BTC profitable – menu with prices in ETH or BTC of course. The future purchaser could have as specialties dishes based on bulls.

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