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In 2017, a 22-year-old intern roughly scrawled ‘Buy Bitcoin’ on a yellow legal notepad. He then held up the aforementioned pad during a televised House Financial Services Committee hearing. Now, seven years later, the pad has sold for a whopping $1,019,000.
Christian Langalis, now known as the original “Bitcoin Sign Guy,” was attending the hearing as an intern at the think tank Cato Institute. At the hearing, then-US Federal Reserve Chair Janet Yellen was speaking about the Fed’s semiannual monetary policy report to Congress.
As expected, Langalis was thrown out of court after the Bitcoin stunt. But it wasn’t all in vain. According to CNBC After the broadcast, the price of Bitcoin soared 3.7%.
Langalis, now 29, sold the yellow legal notepad on auction site Scarce City on April 18. A week later, the highest bidder was Squirrekkywrath (aka Justin) for 16 BTC ($10.19 million).
“When Bitcoiners ask me about signs, I tell them,” Langalis said in his artist statement to Scarce City. “You would have done the same in my place.” “It’s great to finally free this number from my sock drawer and give it back to the Bitcoin public.”
Langalis will reportedly use the proceeds from the sale to fund his startup, Tirrel Corp, which is building a Bitcoin Lightning Network wallet on top of the decentralized private server platform Urbit.
During the auction, the pad was on public display at the Pubkey Bar in New York City. self explanation Bitcoin Dive Bar. During the final hour of the auction, the bar held an event where notes were placed on a rotating platform and the final bids were placed.
“The word Bitcoin became known to a lot of people because of what Christian did at a congressional hearing a few years ago,” the organizer of the event at the Pubkey Bar said as the piece of history was handed over. “It’s similar to Magna Carta. It’s kind of like the Declaration of Independence. Especially because of the place, time and moment.”