The owner of two bars in Manhattan, amid restrictions due to the COVID-19 pandemic, decided to put the business up for sale for 25 BTC or 800 ETH.
The popular Hellcat Annie and Scruffy Duffy bars are located in Manhattan’s Hellcat Kitchen. According to their 56-year-old owner, bitcoin enthusiast Patrick Hughes, one of the main reasons for the sale was restrictions due to the COVID-19 pandemic. Bans on bar visits forced him to cut staff by 90%. If in the best times more than 50 people worked in institutions, now “only five or six”.
“Hopefully this will attract cryptocurrency owners who want to have their own bar,” said Hughes.
Twitter users were dubious about the idea of Patrick Hughes. One of them stressedthat in the process of buying the bars, you will have to freeze bitcoins for 30 days, which can lead to “doubling the cost of the bars for the buyer.”
Interestingly, while the COVID-19 pandemic has negatively impacted many companies and industries, the impact of the epidemic has been positive for cryptocurrencies. Interest in bitcoin has grown significantly amid the pandemic, according to a study by Grayscale Investments.
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