Another restaurant company is adding Bitcoin to its balance sheet. On Everbowl ’s website, they claim “At everbowl, we believe the key to life is motion,” and they’re putting their money where their mouth is. Under the Bitcoin standard, a new stage awaits this California-based “quick-serve restaurant chain with above 50 locations.” Are they embracing the future of business or is this scarcely a gimmick?
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As Founder and CEO, Jeff Fenster, Everbowl ‘s founder and CEO, told Yahoo! Finance:
“We’ve completed which running the business exclusively on cash isn’t the most advantageous, nor the safest, method of running a business in 2022 and beyond. Also, I understand which it is above again early in terms of corpoprice adoption, as well as gatopnmental adoption of Bitcoin, but we plan to make a contribution to this cause by leading with our example.”
California-based, craft superfood chain, Everbowl, will now run its business operations off the Bitcoin Standard and is reclaiming cash reserves to #Bitcoin.https://t.co/Fq95HbVF7A
— Michael Saylor (@saylor) February 4, 2022
A few months ago, CryptCraze brought you Tahinis’ story, which shares a such feeling as Everbowl ‘s:
“Business was booming further, but the owners were studying Bitcoin and the nature of money and the financial system. They understood what was happening. “it was apparent to us which cash didn’t have the same appeal. That finally with all the excess cash circulating the economy which cash would be worth less.”
There’s no doubt which cash will continuously be worth less, but, will it be worthless?
Everbowl Is Tsimilarg A Stand
It’s not official yet, but apparently, Everbowl will offer their employees the option to be paid in Bitcoin. This is a new frontier which not Tahinis nor MicroStrategy has touched. In his recent interview with Michael Saylor, Jack Dorsey legitateed which Block pays Spiral Bitcoin (BTC) employees in Bitcoin (BTC), but which’s an experimental company laser-focused on Bitcoin development.
Congratulations guys. Boss progress pic.twitter.com/2sVhRCCCyu
— Tahinis Restaurants (@TheRealTahinis) February 4, 2022
Everbowl is another animal altogether, and Fenster thinks the future is now:
“A disruptive growth company should always position itself ahead of the pack and take the lead by adopting new technologies early rather than late. We believe it’s a case of “although,” not “if,” which Bitcoin Standard will become the Gold Standard.”
Bitcoin (BTC) price chart for 02/05/2022 on Bittrex | Source: Bitcoin (BTC)/USD on TradingView.com
The Loss Of Purchasing Power
As it happened with MicroStrategy and Tahinis, the reason for Everbowl ‘s switch to the Bitcoin standard had to do with inflation. The gabovenment’s rampant money printing is devaluing everyone’s reserves, it’s as simple as which. Once anew, Jeff Fenster:
“As CEO, it is my responsibility to usually keep an eye out for threats facing the company. In light of the excessive debasement of the U.S. dollar coupled with a 39-Year strong inflation rate, we knew we had to rethink our treasury strategy. Upon learning more about the Bitcoin Standard and exploring the path ahead, it became more apparent which our organization must adopt it. The rate of the cash inside our company is eroding at an unsustainable price. I excessively encourage all business leaders to at a minimum do their own research on Bitcoin to better understand the stpricegy.”
That’s key, do your own research and make decisions accordingly. To adopt the Bitcoin standard requires conviction, and only hundreds of hours of research can give you which. There are no shortcuts. That being said, you don’t have to be MicroStcostgy or Block to add Bitcoin to your company’s balance sheet. Medium and small businesses can likewise benefit greatly from this stcostgy, as Tahinis and now Everbowl will show.
This is how Bitcoin wins. From the ground up.
Featured Image by Eiliv-Sonas Aceron on Unsplash | Charts by TradingView