This restaurateur served sushi for Bitcoin, his life changed – What he did with his treasure
Sushi worth its weight in gold – It’s an extraordinary new story, only Bitcoin (BTC) has the secret, that we’re going to tell you today. After the incredible adventure of the Taihuttu family who sold everything to buy Bitcoin for $900, here is the story of the restaurant owner who received 10 BTC in exchange for a few sushi.
This Bitcoin anecdote was told by journalist Kashmir Hill, who explains in the New York Times how it all began.
It was in May 2013, when the value of a single Bitcoin had just reached by Financial Peak a new peak – at more than 100 dollars – that the journalist decided to settle her bill at a Japanese restaurant with the young cryptomonnaie created by Satoshi Nakamoto.
The journalist had tried to spend her Bitcoin, bought for a handful of dollars some time before, on a young site called Coinbase.
„There weren’t many places that knew about Bitcoin, let alone accepted it for purchases. But since I was living in the technological mecca of San Francisco at the time, I still had a few options, including a cupcake shop and a sushi restaurant called ‚Sake Zone‘. »
And it was in the latter that she spent almost all of her last bitcoins of the time. For the occasion, the journalist had created a meet up event open to members of a new community of Bitcoin enthusiasts, which had just been created on the social network Reddit.
When simply accepting Bitcoin can pay big dividends
The manager of the Japanese restaurant Sake Zone, Yung Chen, had therefore taken the risk of receiving a motley crew of early cryptomoney enthusiasts, and above all of accepting Bitcoins at a time when it was not easy to reconvert them into fiat money.
At the end of the evening, he thus received BTC 10.35 as payment for the drinks of the guests of the journalist Kashmir Hill. What was worth 1,000 dollars at the time is now valued at 240,000 dollars.
Seven and a half years later, the journalist called Yung Chen on the phone to find out where he stood. It turns out that the restorer was able to retire a little early, thanks in part to the bitcoin he had earned at the time. Indeed, by accepting Bitcoin early, he had accumulated 41 BTCs in those years. A gigantic hoard that would be worth $950,000 today.
But Cheng has nonetheless given in to the temptation to resell some of it since, during the previous speculative bubble of 2017. A sale that he says he regrets:
„In 2017, after the closure of Sake Zone, when bitcoins were worth a few thousand dollars (…) [I] sold about a quarter of these bitcoins. I feel so badly about it (…). Now I’m keeping them. Now I’m keeping it. I have them right here, like a stock, and I’m waiting. Bitcoin has become one of my main savings assets. »