Jerome Powell claimed to have “close family members” who believed that cryptocurrencies were still in the development stage. Implying that those who support bitcoin may reside in the same area. The person who photobombed former Federal Reserve Chair Janet Yellen during a 2017 congressional hearing is in the family, according to Peter Goettler, the CEO of the American think tank Cato Institute.
Goettler informed Fed Chair Jerome Powell during a Monday online conference on the state of U.S. monetary policy. That the “Bitcoin Sign Guy” became his son-in-law in 2022.
The session was hosted by the Cato Institute. The man, whose photograph went viral in 2017 while he urged people to purchase Bitcoin (BTC). While Yellen testified about the state of the US economy, was eventually identified as Christian Langalis.
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Goettler continued, to laughter from Jerome Powell and himself, “The man who photobombed Janet Yellen five years ago by hanging up a “Buy Bitcoin” sign behind her during her Humphrey-Hawkins Testimony earlier this year became my son-in-law.”
In response to Goettler’s query about whether “regulators would eventually suffocate crypto.” Jerome Powell replied that he also had “close family members” who claimed that the technology was still in its early stages, implying that Bitcoin supporters may be close to home.
The Fed chair reaffirmed his opinion that unbacked cryptocurrency was mostly a speculative asset. And that it appeared that the general public did not support it for use in payments.
In the wake of the image going viral, Langalis, who was 22 years old when he put up the Bitcoin sign. Especially during the congressional session, raised thousands of dollars.
Many in the cryptocurrency industry still make fun of the “Buy Bitcoin” act today. Five years later, to show how the industry has evolved.
When Langalis was seen on video, the price of one bitcoin was around $2,000. However, as of the time of publication, it had increased to $19,218.
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Abigail Goettler wed Langalis on April 30, according to one wedding registry on Zola. It doesn’t seem like the couple asked for Bitcoin as a present.
According to analysts, cryptocurrencies will have an even greater impact on the retail sector in the upcoming years. As more and more people continue to invest in them.
The cryptocurrency market may currently appear to be in a bit of a slowdown. But there’s no disputing that during the last few years, the sector has grown significantly. Particularly in terms of acceptance.
Also read: After Queen Elizabeth Ii’s Death, Memecoins And NFTs Flood The Crypto Market
