Celebrate Bitcoin History with the Purchase of the Iconic “Buy Bitcoin” Sign🚀
Have you ever wondered about the story behind the iconic “Buy Bitcoin” sign that was displayed behind Janet Yellen during her 2017 congressional testimony? The sign has recently been auctioned off for an impressive 16 BTC, which is equivalent to just over $1 million. Let’s delve into the details of this historic auction and the significance of this iconic piece of Bitcoin memorabilia.
The Record-Breaking Auction at PubKey🔥
- The auction for the “Buy Bitcoin” sign took place at PubKey, a Bitcoin-themed bar in New York City.
- The event was facilitated by the auction house Scarce.City, setting a new record for the platform.
Meet the New Owner of the Legendary Sign🎉
- The sign’s new owner is a pseudonymous bidder known as “Squirrekkywrath” or “Justin,” described as a “bitcoin OG that no one has ever heard of.”
- Christian Langalis, the original “Bitcoin Sign Guy” responsible for holding up the sign, will use the proceeds to fund his startup, Tirrel Corp.
- Tirrel Corp is actively developing a Bitcoin Lightning network wallet on Urbit.
Bitcoin Sign Guy and His Impact on the Crypto World💼
- Christian Langalis, then a 22-year-old intern at the Cato Institute, gained instant fame by displaying the “Buy Bitcoin” sign during a televised House Financial Services Committee hearing in July 2017.
- Langalis was escorted out for violating committee rules, but his action led to a 3.7% boost in the price of Bitcoin, reaching over $2,418.
- His bold move symbolized the growing presence of Bitcoin and its ability to resonate with wider audiences.
Unveiling the Mystery Buyer “Squirrekkywrath”🕵️
- The winning bidder, known only as “Squirrekkywrath” or “Justin,” remains shrouded in mystery.
- Described as a “bitcoin OG,” this enigmatic figure adds to the intrigue surrounding the auction and the significance of the “Buy Bitcoin” sign.
Supporting Innovation in the Bitcoin Ecosystem🌟
- Proceeds from the auction will fund Langalis’ startup, Tirrel Corp, which focuses on developing a Bitcoin Lightning network wallet on Urbit.
- By investing in this innovative project, Langalis continues to contribute to the growth and evolution of the Bitcoin ecosystem.
- The Lightning Network aims to enhance Bitcoin transaction scalability and speed, while Urbit offers a decentralized personal server platform.
Preserving Bitcoin History with the Auctioned Notepad📜
- The auctioned item wasn’t just the sign but also the yellow legal pad on which it was hastily scrawled.
- The notepad contains Langalis’ original notes and mock drawings of the sign from the day of the hearing, offering a unique glimpse into this historic moment.
- Despite the removal of the page with the sign post-hearing, it was carefully reattached using archival wire to preserve its significance in Bitcoin history.
Legacy of the “Buy Bitcoin” Sign and Its Relevance Today💡
- Prior to the recent auction, Langalis had created and sold 21 replicas of the sign in 2019.
- These replicas now reside in the offices of prominent venture firms and crypto institutions, solidifying the sign’s status as a symbol of Bitcoin’s growing influence.
Hot Take: Embrace Bitcoin History and Innovation with the Purchase of the “Buy Bitcoin” Sign🌍
As a crypto enthusiast, you can appreciate the significance of the iconic “Buy Bitcoin” sign and its impact on the global adoption of cryptocurrency. By supporting the auction and the growth of innovative projects like Tirrel Corp, you play a crucial role in shaping the future of the Bitcoin ecosystem. Let’s continue to celebrate Bitcoin history and foster technological advancements that will drive the digital economy forward!
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