Legal Pad with ‘Buy Bitcoin’ Note Shown Behind Janet Yellen Fetches $1 Million in Auction
A yellow legal pad with the words “Buy Bitcoin” written on it, famously displayed behind former United States Federal Reserve Chair Janet Yellen during a congressional hearing in 2017, has been sold at an auction for over $1 million, equivalent to 16 Bitcoin.
The auction took place on the Bitcoin auction platform Scarce City and concluded on April 24, with the winning bidder identified as “Justin,” also known as “Squirrekkywrath.”
The seller of the pad was Christian Langalis, who had written the note and briefly flashed it to the camera while seated behind Yellen during a televised House Financial Services Committee hearing in July 2017.
Langalis was promptly escorted out of the hearing due to the prohibition of displaying signs.
However, the impact was noticeable, as Bitcoin’s price reportedly increased by 3.7%, reaching over $2,418, according to CNBC .
After Scarce City’s 15% fee deduction, Langalis is expected to receive approximately $875,000 or 13.6 BTC from the sale.
In the auction listing, Langalis expressed his satisfaction in releasing the pad and returning it to the Bitcoin community.
“It was good to finally liberate this number from my sock drawer and offer it back to the Bitcoin public.”
The listing mentioned that the page containing the handwritten sign had been removed from the notepad shortly after the hearing but was subsequently reattached using archival wire.
Additionally, the yellow legal pad includes an unseen rough draft of the iconic scrawl, along with notes about the hearing’s monetary policy and Bitcoin.
Congratulations to Justin, A.K.A. Squirrekkywrath, winner of the #BitcoinSignGuy auction for 16 #BTC.
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