{"id":605,"date":"2024-04-28T10:54:20","date_gmt":"2024-04-28T10:54:20","guid":{"rendered":"https:\/\/cryptd.in\/buy-bitcoin-sign-held-at-janet-yellens-2017-speech-sells-for-1m\/"},"modified":"2024-04-28T10:54:20","modified_gmt":"2024-04-28T10:54:20","slug":"buy-bitcoin-sign-held-at-janet-yellens-2017-speech-sells-for-1m","status":"publish","type":"post","link":"https:\/\/cryptd.in\/de\/buy-bitcoin-sign-held-at-janet-yellens-2017-speech-sells-for-1m\/","title":{"rendered":"Bitcoin kaufen\"-Schild, das bei Janet Yellens Rede 2017 gehalten wurde, verkauft sich f\u00fcr $1M"},"content":{"rendered":"

A piece of notebook paper featuring the phrase \u201cBuy Bitcoin,\u201d famously seen in the background during a broadcast featuring then-United States Federal Reserve Chair Janet Yellen in 2017, has been sold for 16 BTC, equivalent to approximately $1.027 million.<\/p>\n

The auction, held at PubKey, a Bitcoin-themed bar in New York City, was organized and facilitated by the auction house Scarce.City.<\/p>\n

Iconic \u201cBuy Bitcoin\u201d Sign Sold in Auction<\/h2>\n

The highest bidder, known pseudonymously as \u201cSquirrekkywrath,\u201d acquired the sign in a week-long auction. The auction was organized by Christian Langalis, also known as the \u201cBitcoin Sign Guy,\u201d who posted it on the auction platform Scarce.City and attended the event himself.<\/p>\n

Scarce.City noted that the transaction set a record amount for the platform. After Scarce City\u2019s 15% fee deduction, Langalis is expected to receive approximately $875,000, equivalent to 13.6 BTC.<\/p>\n

And that\u2019s a wrap on one of the most ICONIC pieces of Bitcoin history. <\/p>\n

Made a little history of our own \u2026 meet the official new https:\/\/t.co\/rNz9DWL5WE<\/a> record. pic.twitter.com\/3ixQmEHbd0<\/a><\/p>\n

\u2014 Scarce.City (@scarcedotcity) April 24, 2024<\/a><\/p>\n\n

The iconic \u201cBuy Bitcoin\u201d sign on a ye\u00adllow legal pad symbolized Bitcoin\u2019s arrival in the global financial landscape\u00ad. This physical artifact is one of the few wide\u00adly recognized symbols of Bitcoin, given its primarily digital nature<\/a>\u00ad. The auctioned notepad also include\u00ads Langalis\u2019 original notes and sketches of the\u00ad sign from that historic day.<\/p>\n

At the time of the famous incident, Langalis was reportedly a 22-year-old intern at the Cato Institute. The funds raised from the auction will support Langalis\u2019 new venture, Tirrel Corp, which focuses on creating a Bitcoin Lightning network wallet on Urbit.<\/p>\n

\u201cBuy Bitcoin\u201d Sign Replicas Sold For 0.8 BTC Each<\/h2>\n

In 2019, Langalis created and sold 21 replicas of the iconic \u201cBuy Bitcoin\u201d sign, which fetched an average price of 0.8 BTC each. Today, this would be valued at approximately $51,300 per piece.<\/p>\n

According to the listing, these replicas are proudly displayed in the offices of venture firms such as Paradigm, Blockchain Capital, Castle Island Ventures, and the crypto think-tank Coin Center.<\/p>\n

After Langalis held up the sign during a 2017 House Financial Services hearing, he was escorted out of the building for violating committee rules. However, the image of the sign quickly spread across the internet. Following the event, bitcoin\u2019s price surged by 3.7% at the time of the broadcast.<\/p>\n

Since then, bitcoin\u2019s value has skyrocketed, going from around $2,700 in July 2017 to a peak of over $73,000 last month. This increase has been in part due to significant regulatory decisions in the United States, including allowing the launch of spot Bitcoin exchange-traded funds earlier this year.<\/p>\n

Der Posten Bitcoin kaufen\"-Schild, das bei Janet Yellens Rede 2017 gehalten wurde, verkauft sich f\u00fcr $1M<\/a> erschien zuerst auf KryptoKartoffel<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A piece of notebook paper featuring the phrase \u201cBuy Bitcoin,\u201d famously seen in the background during a broadcast featuring then-United States Federal Reserve Chair Janet Yellen in 2017, has been sold for 16 BTC, equivalent to approximately $1.027 million. The auction, held at PubKey, a Bitcoin-themed bar in New York City, was organized and facilitated […]<\/p>\n","protected":false},"author":1,"featured_media":606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\n\u2018Buy Bitcoin\u2019 Sign Held at Janet Yellen\u2019s 2017 Speech Sells for $1M - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/de\/buy-bitcoin-sign-held-at-janet-yellens-2017-speech-sells-for-1m\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Buy Bitcoin\u2019 Sign Held at Janet Yellen\u2019s 2017 Speech Sells for $1M - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"A piece of notebook paper featuring the phrase \u201cBuy Bitcoin,\u201d famously seen in the background during a broadcast featuring then-United States Federal Reserve Chair Janet Yellen in 2017, has been sold for 16 BTC, equivalent to approximately $1.027 million. 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