Bitcoin is making history and people everywhere want to be apart from it. The cryptocurrency has attracted all types of speculators, from retail investors to institutions to corporations.
There is also a New York bar and restaurant owner who wants to make history by betting his two businesses on Bitcoin and putting them up for sale at around 25 BTC.
New York bar owner puts his two stores at 25 BTC
Bitcoin has the potential to change the world and given its limited supply, investors are looking for some of the action before a full coin as it is way too expensive for most.
At even $ 40,000 per coin, it’s probably already too expensive for most to think about. Some people are considering a historic “Hail Mary Pass” of a Bitcoin trade to get their hands on a decent sum.
Related reading | Shark Tank Investor Slams Bitcoin, Crypto: “Not an Institutional Product”
New York restaurateur and bar owner Patrick Hughes is looking to sell his two Manhattan bars – Hellcat Annie’s Tap Room and Scruffy Duffy’s – for 25 BTC, or around $ 875,000 at the time of this writing.
Hughes is looking to get 25 BTC before the price appreciates too much | BTCUSD on TradingView.com
Why the owner doesn’t have traditional offers and instead uses a chance on crypto
Hughes’ reason for buying crypto instead of following the normal route of selling real estate is because the NYC restaurant and bar market is “very challenging” right now, to the point where he doesn’t believe existing business owners are buying or want to expand.
Instead, he wants to “make history with a Bitcoin transaction” and hopes his story will attract someone with a BTC substitute who wants to “further legitimize the currency”.
Related reading | Bullish for Bitcoin: US inflation expectations are breaking out of the decade-long downward trend
Since Hughes is a bitcoin advocate, he has neither traditional offers nor is he in a rush to sell. Although, as he pointed out, the market is challenging, it also claims it is returning to pre-Covid sales despite one of the two stores still closed.
Hughes, who has been in the business for four decades and says it made him tired, is “ready to take the chance” when it comes to crypto.
“And when our government has its finger on the press, they will print more and more dollars, inflation will return, so there has to be an alternative,” he added, noting that crypto is “staying here”. ”
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