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Bitcoin has been a significant part of history, notably during a 2017 broadcast session of the U.S. House Committee on Financial Services where former Fed Chair Janet Yellen was speaking, and an iconic “Buy Bitcoin” sign was displayed behind her. This notebook recently sold for approximately 1.027 million dollars or 16 BTC.
Notebook Purchased by Bidder Named “Squirrekkywrath”
The original note, written on a notebook paper, symbolized Bitcoin’s emergence in the global financial scene, garnering great interest. The auction, held at Pubkey Bar in New York and conducted by the auction platform Scarce City, concluded after a week-long bidding process with the sign being purchased by an anonymous bidder named “Squirrekkywrath”.
Described as a hastily drawn symbol on a yellow notepad, the “Buy Bitcoin” written notebook represents one of the few physical artifacts widely recognized as embodying Bitcoin’s digital nature. The auctioned notebook also included additional comments and fake drawings by Christian Langalis, also known as “Bitcoin Sign Guy”.
At the time, Langalis, a 22-year-old intern at the Cato Institute, drew attention by boldly displaying the notebook during Yellen’s presentation of the semi-annual monetary policy report to the U.S. Congress.
Display of “Buy Bitcoin” Prompted Price Increase
Despite being removed from the room following his display, as reported by CNBC, this event triggered a notable rise in Bitcoin’s price. During the broadcast, Bitcoin’s price increased by 3.7%. This incident is a testament to the symbolic and potentially impactful nature of spontaneous actions in the cryptocurrency market, especially during significant regulatory and market dynamics.
Since the worldwide display of the iconic “Buy Bitcoin” notebook in 2017, the price of the leading cryptocurrency has seen significant growth, rising from about 2,700 dollars to over 73,000 dollars at its peak. This price increase has been influenced by various factors, including critical regulatory decisions such as the U.S. regulators’ approval of spot Bitcoin exchange-traded funds (ETFs).
The sale of the “Buy Bitcoin” notebook for a million dollars not only commemorates a significant moment in Bitcoin’s history but also reflects the enduring admiration and value attributed to tangible relics within the cryptocurrency world.
