Reserve

United

Bitcoin

Castle

<h2 id="key-points">Key Points</h2>
<ul>
 <li>A notepad with “Buy Bitcoin” written on it sold at auction for 16 Bitcoin, equivalent to over $1 million.</li>
 <li>The notepad was displayed during a 2017 Congressional hearing, and the sale proceeds will fund a Bitcoin software project.</li>
</ul>
<p>A notepad with the phrase “Buy Bitcoin” written on it, which gained attention during a 2017 Congressional hearing in the United States, has been auctioned off for a whopping 16 <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>. This translates to over $1 million.</p>
<p>The buyer, known as “Justin” or “Squirrekkywrath,” emerged as the highest bidder on the Bitcoin auction platform, Scarce City. The week-long auction came to a close on April 24, shortly after 11:00 pm UTC.</p>
<h2 id="the-notepad-s-history">The Notepad’s History</h2>
<p>The notepad was presented by Christian Langalis, who had managed to secure a seat behind then-United States Federal Reserve chair, Janet Yellen, at a televised House Financial Services Committee hearing in July 2017. Langalis wrote the message on the notepad and flashed it to the camera.</p>
<p>Langalis was asked to leave the hearing as displaying signs is prohibited. After the notepad made its appearance, Bitcoin’s value rose by 3.7%, reaching over $2,418.</p>
<h2 id="auction-aftermath">Auction Aftermath</h2>
<p>After the auction platform deducts its 15% fee, Langalis is expected to receive around $875,000, or 13.6 BTC. Langalis expressed his satisfaction at offering the item back to the Bitcoin community.</p>
<p>The auctioned notepad also includes an unseen draft of the now-famous message, along with notes on the hearing’s monetary policy and Bitcoin. This draft was part of the sale.</p>
<p>In 2019, Langalis created and sold 21 replicas of the sign, each selling for an average price of 0.8 BTC, which would be around $51,300 today. These replicas are reportedly displayed in the offices of venture firms Paradigm, Blockchain Capital, and Castle Island Ventures, as well as the crypto think-tank Coin Center.</p>
<p>Langalis plans to use the money from this recent sale to fund a Bitcoin software project. This event underscores the cultural significance and financial value attached to Bitcoin in recent times.</p>

Bitcoin Sign that Interrupted Janet Yellen Auctioned for a Hefty $1M

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