a chain of Middle Eastern restaurants in Canada has converted its entire cash reserves into Bitcoin.
and according to a tweet yesterday, Wednesday, Tahina Restaurant - the best Middle Eastern restaurant in the world - the decision to convert its cash reserves into digital currencies began to collapse that occurred in March, And when the Canadian government began offering aid programs to companies unable to stay open due to the pandemic.
With the United States and Canada printing money to support their faltering economies, Omar Tahina's restaurant owner Hammam began to see the financial system as a game of musical chairs being played now that the music would stop and some would be left out People.
Hamam also explained that he is concerned that grants and printing money will reduce the value of the paper currency.
He said it was clear to us that cash was not of the same appeal ... with all the cash surplus spread throughout the economy that cash would ultimately be of less value. / p>
Bath added: As time went on, I was constantly trying to learn and grow my knowledge about finance. And I've heard people in the Bitcoin community say that you must hear about Bitcoin at least 7 times before entering it. It is a 100% accurate saying.
He decided to convert the company's savings into Bitcoin because it offers a much better alternative for saving cash.
and stated that they will continue to use Bitcoin as a backup asset - possibly forever, if we have no need for fiat currencies.
Bitcoin is accepted here
Tahina restaurant follows the same financial planning strategy as the listed business intelligence firm Micro Strategy, which announced last week that it had approved Bitcoin (BTC) as its primary reserve asset. Micro Strategy bought 2,1454 Bitcoin for approximately $ 250 million.
The landscape is changing very quickly, and some are now questioning whether even Berkshire Hathaway, controlled by Warren Buffett, might invest in digital currencies as a hedge against inflation. / p>
the company invested in a gold mine for the first time this week.
the restaurant's decision to move to Bitcoin received enthusiastic support from the cryptocurrency community, as podcast manager Anthony Pomplano tweeted his support, saying: Another company is converting its financial capital into Bitcoin , Adding that ...
