2024-04-28 20:26:01
A simple piece of yellow paper, on which the invitation to buy bitcoin is scribbled, has been elevated to the status of the ultimate goal of desire. Sold for the exorbitant price of one million dollars, the piece of paper raised many questions.
Last Thursday, the origin of this phenomenon was revealed by Bloomberg Law : it was a torn page from a notebook, sold for $9 for a pack of 3 on Amazon. When it was auctioned at the Pubkey Bar in New York, the crowd went into an auction frenzy. Under the amazed eyes of Christian Langalis, the author of this message, the bidder, known under the pseudonym Squirrekkywrath, did not hesitate to pay 16 BTC, equivalent to 1.027 million dollars at the time of purchase.
But why give that value to this piece of paper? The answer to the riddle intrigues and fascinates.
« Hastily drawn on a yellow notebook, this iconic drawing marked Bitcoin’s entry into the global monetary landscape. The token is one of the few widely recognized physical Bitcoin artifacts, given the virtual nature of Bitcoin “, revealed Scare City platform.
The “Buy Bitcoin” paper benefited from visibility behind Janet Yellen, then Fed chair in 2017 – Source: Scare City
And the origin of this piece of paper adds an even more interesting element to his story. It was born during a televised hearing of the House Financial Services Committee, when its creator, Langalis, was just an intern at the Cato Institute. Its strategic position, just behind Janet Yellen, the current Secretary of the Treasury and former head of the Federal Reserve (FED) of the United States, gave him unparalleled visibility.
Since its first appearance, this “Buy Bitcoin” poster has become a real rallying cry for the community of crypto developers and investors, demonstrating the symbolic force and using the power of a simple piece of paper.
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