Iconic ‘Buy Bitcoin’ Sign Auctioned for Over $1 Million
The renowned 'Buy Bitcoin' placard that gained prominence during Janet Yellen's televised Congressional testimony in July 2017 has fetched a substantial sum of 16 BTC, totaling over $1 million, in an auction event facilitated by Scarce.City.
This remarkable sale set a new record for the auction platform, underscoring the growing value and demand for cryptocurrency-related memorabilia.
And that's a wrap on one of the most ICONIC pieces of Bitcoin history. 🏆🍾
Made a little history of our own … meet the official new https://t.co/rNz9DWL5WE record. 🏅 pic.twitter.com/3ixQmEHbd0
— Scarce.City (@scarcedotcity) April 24, 2024
The auction itself unfolded at PubKey, a popular Bitcoin-themed bar situated in New York City, adding an element of intrigue to the transaction.
The sign’s acquisition was attributed to an individual known by the online moniker Squirrekkywrath, as disclosed in a tweet originating from PubKey.
Despite this revelation, the identity and background of the sign’s new owner remain shrouded in mystery, prompting speculation within the cryptocurrency community.
READ MORE: Bitcoin’s Dormant Supply Reaches $121 Billion, Chainalysis Report Reveals
Christian Langalis, the individual responsible for brandishing the ‘Buy Bitcoin’ sign during the 2017 House Financial Services hearing, had earlier indicated that the proceeds from the auction would be channeled towards his startup venture, Tirrel Corp.
Tirrel Corp is actively engaged in the development of a Bitcoin Lightning network wallet on Urbit, reflecting the ongoing innovation and entrepreneurial spirit within the cryptocurrency space.
Langalis’s daring display of the sign during the congressional hearing resulted in his expulsion from the premises for violating committee regulations. Nonetheless, the image swiftly gained traction online, attaining viral status and capturing the attention of audiences worldwide.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
