A “Buy Bitcoin” sign that famously photobombed former U.S. Treasury Secretary Janet Yellen has been auctioned off for $1 million. The sign, which was held up by an individual dubbed “Bitcoin Sign Guy” while Yellen was testifying before Congress in 2017, was sold for 16 BTC by Christian Langalis, the original holder of the sign. Despite languishing in Langalis’ sock drawer for years, the sign garnered significant interest and a hefty price tag in the auction. The event underscores the enduring allure and value associated with Bitcoin and its cultural impact in the financial and technological spheres.
### Summary:
The article discusses the auction of the “Buy Bitcoin” sign that gained fame for photobombing Janet Yellen during a Congressional testimony in 2017. The sign was sold for $1 million after being kept in the original holder’s sock drawer for years. This event highlights the ongoing fascination and worth attributed to Bitcoin within popular culture and financial realms.
### Key points:
– Auction of the “Buy Bitcoin” sign that appeared behind Janet Yellen during a 2017 Congressional testimony.
– Sold for $1 million, equivalent to 16 BTC.
– Held by “Bitcoin Sign Guy” Christian Langalis, who kept it in his sock drawer.
– Illustrates the enduring appeal and value of Bitcoin in cultural and financial contexts.
### Analysis:
The sale of the sign for such a substantial amount showcases the influence and recognition that Bitcoin has garnered over the years. Its integration into mainstream culture and its capacity to captivate audiences are evident through instances like this auction. The significance of cryptocurrencies extends beyond their monetary value, encompassing cultural relevance and societal impact, as seen in the case of the “Buy Bitcoin” sign.