‘Bitcoin Sign Held During Yellen’s 2017 Testimony Sells for $1M’

The Sale of the “Buy Bitcoin” Sign

The iconic “Buy Bitcoin” sign famously displayed by Christian Langalis during Federal Reserve Chair Janet Yellen’s Congressional testimony in 2017 has been sold for a remarkable $1 million.

Auction Details

• Langalis, also known as the “Bitcoin Sign Guy,” auctioned off the sign sketched on a yellow legal pad between April 18-24, 7 pm ET.
• The final bid closed at 16 Bitcoin, with an approximate value of $1,027,150.72.
• The sign was sold to an unknown buyer through Scarce City, an online marketplace for Bitcoin goods and non-fungible tokens.

Bitcoin’s Impact

The drawing of the Bitcoin sign symbolized Bitcoin’s influence on the global monetary landscape. Despite Bitcoin’s virtual nature, the sign became a widely recognized physical artifact within the Bitcoin community, sparking numerous memes, derivative works, and imitation stunts.

Historical Context

In 2017, Langalis made history by displaying the “Buy Bitcoin” sign during Yellen’s testimony, capturing a moment that resonated with Bitcoin enthusiasts worldwide. The act signified Bitcoin’s disruptive entry into institutional finance.

Langalis’ Reflection

Reflecting on the sign, Langalis expressed his belief in the subversive message it conveyed at the time. He emphasized the evolving nature of Bitcoin’s impact on the financial world and the community’s role in shaping its narrative.