Landmark Real Estate Listing Offers Two New York Bars For 25 Bitcoin

Tony "The Bull" Severino

1 year ago

2 mins read

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Bitcoin is making history, and people everywhere want to be apart of it. The cryptocurrency has attracted all sorts of speculators, ranging from retail investors to institutions, and now even corporations.

It also has one New York bar and restaurant owner wanting to make history by betting his two businesses on Bitcoin and is offering them up for sale in exchange for 25 BTC.

New York Bar Owner Bets His Two Businesses For 25 BTC

Bitcoin has the potential to change the world, and given its limited supply, investors are scrambling for a piece of the action before one full coin because far too expensive it is totally out of reach for most.

At even $40,000 per coin, it likely already is too expensive for most to consider, which has some people considering a historic “hail Mary pass” of a Bitcoin trade in order to get their hands on a decent sum.

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 the tune of 25 BTC, or roughly $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 Isn’t Entertaining Traditional Offers And Taking a Chance on Crypto Instead

Hughes’ reason for shopping crypto instead of going the normal real estate sales route is because the market for restaurants and bars in NYC is currently “very challenging” to the point where he doesn’t think existing business owners would be looking to buy or expand.

Instead, he is looking to “make history with a bitcoin transaction” and hopes his story attracts someone with spare BTC who wants to “further legitimize the currency.”

Because Hughes is holding out for Bitcoin, he’s not entertaining any traditional offers, nor is he in a rush to sell. Although the market is challenging as he pointed out, he also claims he’s back to pre-Covid sales figures despite one of the two businesses remaining closed.

Hughes, who has been in business for four decades and says it has worn him tired, is “willing to take the chance” on crypto.

“And when our government have their finger on the printing press, they’re going to print more and more and more dollars, inflation is coming back so there has to be alternative,” he added, noting that crypto is “here to stay.”

Featured image from Deposit Photos, Charts from TradingView.com

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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