The expected recovery and rise in Bitcoin and altcoins still has not materialized. While investors are eagerly waiting for the real bull rally in BTC and altcoins, analysts are having difficulty predicting which direction the market will move.
While uncertainty prevails in the markets in general, a different development has occurred on the Bitcoin front.
According to The Block, the iconic “Buy Bitcoin” sign, written on a notebook paper and held behind the back of then-FED Chair Janet Yellen during her speech to Congress in July 2017, was auctioned for 16 BTC (approximately $1,027 million). ) was sold for
A person with the pseudonym “Squirrekkywrath” bought the Bitcoin article.
It was stated that the proceeds from the sale will be used to finance the development of Bitcoin layer-2 initiative Tirrel Corp.
Scarce.City, the auction house hosting the sale, said it was a record amount for the auction platform.
The auction was held at PubKey, a Bitcoin-themed bar in New York City.
*This is not investment advice.