Two bars in New York City are selling for a total of 25 bitcoins or 800 ethers-more than $800,000 at current prices. Bar owner Patrick Hughes saw the worst lockdown in the Covid-19 pandemic and decided to sell these two vents for encryption.

●On January 9, Hughes told the New York Post: “Cryptocurrency is on fire. It is a popular currency. It is decentralized. It is global.” The 56-year-old Ho from New Jersey -Ho-Kus residents’ decision may have been driven by Bitcoin’s recent bullish momentum-and the need to maintain the value of the dollar against the dollar.

●The report says that Hughes is selling his side-by-side Hell’s Kitchen costumes. Hellcat Annie and Scruffy Duffy are both located on Tenth Avenue, only for encryption. It added that the man’s family had been operating in Manhattan bars since 1970, even though the two bars later opened.

● “I want to catch one of those crypto dudes who have always wanted to own a bar,” Hughes said. He erected a bitcoin (BTC) sale sign in front of the bar, but the inquiries were mostly casual. The bar owner is still optimistic that there will be a serious buyer.

●Before the pandemic, Hughes employed as many as 50 employees in his two organizations, but now there are only “five or six” employees. According to the report, his business remained largely closed for most of 2020. Hellcat Annie’s restaurant reopened in November, but S-foot Duffy’s restaurant is still closed.

●More and more people are beginning to see the monetary value of Bitcoin. In September last year, American aircraft sales company Aviatrade Inc. stated that it would accept BTC as a payment method for its luxury aircraft. The first plane to sell cryptocurrency was the Gulfstream G650ER, which has been in use for 6 years, and it sold for 40 million U.S. dollars or the equivalent of Bitcoin.

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What do you think of the two Bitcoin bars for sale in New York? Let us know in the comments section below.

Tags in this story

Aviatrade, gold bullion selling Bitcoin, Bitcoin (BTC), BTC, ETH, Ethereum, Hellcat Annie, Manhattan, New York City, Patrick Hughes, S-footed Duffy

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