“Buy Bitcoin” Sign Linked To Treasury Sec Janet Yellen Listed For Auction
Highlights
- Crypto investors are bidding to take ownership of "Buy Bitcoin" sign
- The sign was held up in a Janet Yellen testimony in 2017
- Bids are running above $140,000 at the moment
A sign with the inscription “Buy Bitcoin” which was held up by Christian Langalis a few years ago, has been receiving biddings in an online auction according to a Bloomberg report.
Langalis Wants More Monetary Gains For Heroic Effort
So far, the item has received bids of up to $140,000 from interested investors, a significant increase from the previous value that Langalis placed on it. The auction is still ongoing and interested bidders have until Wednesday to place their bids.
Noteworthy, this is not the first time that he has been offered money for the ‘scribbled’ piece. He has even sold about 21 replica editions of the sign for an average realized price of 0.8 Bitcoin.
It appears that the 22-year-old man is trying to capitalize on the traction that investment asset management firms like BlackRock and Fidelity Investments have brought to the Bitcoin ecosystem with the launching of spot Bitcoin ETFs.
Precisely, he may be looking to take a slice of the momentum that took the price of Bitcoin to a new All-Time-High (ATH) of more than $73,000. At the time of this writing, Bitcoin was trading at $66,509.23. While the leading cryptocurrency by market capitalization is showing a price increase of about 3.19%, this current sentiment is a far cry from the levels that BTC attained in March.
The “Buy Bitcoin” Sign and Implications
During a Congressional testimony that was held almost seven years ago before the House Financial Services Committee, Langalis got the chance to sit behind Treasury Secretary Janet Yellen who was the Federal Reserve Chair at the time.
He was seen flashing the legal pad behind Yellen while she gave a speech. This singular action from the young man was perceived by many as a rallying call to Bitcoin supporters.
As soon as the alleged advert was caught on camera, Langalis was escorted out of the premises. It was not long after this that he received about seven Bitcoin in donations that he did not request, a valid show of solidarity from the crypto community at the time.
The event that happened in 2019 was recorded when Bitcoin was trading at just $2,300 and since that time till now, the coin has seen better days. While there is no indication that he is still holding onto the 7 BTC he was gifted, the asset would be worth over $465,563 in today’s prices
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