Remember that iconic ‘Buy Bitcoin’ sign held up during Janet Yellen’s Congressional testimony back in 2017? Well, it just fetched a staggering 16 BTC – that’s over $1 million! Let’s dive into this surprising story.
The Million-Dollar Message: ‘Buy Bitcoin’ Sign Auctioned
The famous yellow notepad bearing the simple yet powerful message ‘Buy Bitcoin’ has been sold at auction for a whopping $1 million. This wasn’t just any sale; it was a record-breaker for the auction platform Scarce.City. The event itself was held at PubKey, a Bitcoin-themed bar in New York City, adding a unique vibe to the proceedings.
The auction, facilitated by Scarce.City, achieved a record-breaking amount on the platform.
Who is Squirrekkywrath? The Mysterious Million-Dollar Buyer
The buyer remains somewhat of an enigma, known only by the online alias Squirrekkywrath. According to Alex Thorn, Head of Research at Galaxy, Squirrekkywrath is a “Bitcoin OG that no one has ever heard of.” This adds an intriguing layer of mystery to the story. What are their plans for this piece of crypto history?
From Protest to Profit: What’s Next for the ‘Buy Bitcoin’ Sign Creator?
Christian Langalis, the man who held up the sign during Yellen’s testimony, is directing the auction proceeds towards his startup, Tirrel Corp. The company focuses on developing a Bitcoin Lightning Network wallet on Urbit, an open-source operating system. It’s fascinating to see how a moment of impromptu protest is now fueling innovation within the Bitcoin ecosystem.
A Quick Recap: The Sign Heard ‘Round the Crypto World
- The ‘Buy Bitcoin’ sign from Janet Yellen’s 2017 testimony was sold for over $1 million (16 BTC).
- The auction was facilitated by Scarce.City at a Bitcoin-themed bar in NYC.
- The buyer is known as Squirrekkywrath, described as a Bitcoin OG.
- Christian Langalis, the sign holder, will use the funds for his Bitcoin Lightning Network wallet startup.
Langalis’s initial act of defiance, which led to him being escorted out of the hearing, inadvertently created a viral sensation that continues to resonate within the crypto community. The sale of the sign marks a unique moment in Bitcoin’s history, highlighting the passion, innovation, and, yes, the occasional bit of rebellion that defines this space.
See Also: How “Fake” Nigerian Central Bank Circular Stoked Crypto Ban Fears
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.