Paying for sushi with Bitcoin? That’ll be $200,000
How a restaurant owner retired with almost half a million dollars
Jan 06, 2021
| Current events
Table for 2(00,000)?
When Bitcoin hit $20,000 USD per coin last month for the first time ever, writer Kashmir Hill flashed back to when she “spent 10.354 Bitcoin (including tip) on a dinner for strangers” back in 2013. At the time, the cryptocurrency was worth about $100 per coin. How much is that 10.354 Bitcoin worth now? Approximately $200,000 when the story ran in mid-December...and $335,547.25 as of this writing.
Sake Zone, the SF sushi spot where Hill dropped her coins, was an early adopter of cryptocurrency. Its owner, Yung Chen, eventually amassed around 41 Bitcoin before he retired from the restaurant business in 2017 — with close to half a million dollars worth of crypto. He told Hill, “The Bitcoin has become one of the major saving assets in my portfolio.”