Bitcoin made history once again at Bitcoin2023, as David Bailey, CEO of BTC Inc. and Bitcoin Magazine, left his signature on the renowned $48M Prius, also known as the First Bitcoin Car. The iconic vehicle, currently up for auction on Scarce.City, has attracted enthusiastic bidders, with the auction set to conclude on May 20th.
Originally purchased by Bitcoin pioneer Rassah in 2013 for 1,000 BTC when its value was a mere $22,000, the Prius gained fame as its worth surged to an impressive $48M due to the skyrocketing value of Bitcoin. On display during the Bitcoin2023 event, the car captivated attendees and symbolized the remarkable journey of Bitcoin.
As a tribute to the Bitcoin movement, esteemed veterans from around the world have left their marks on the $48M Prius, solidifying its status as a living legend. David Bailey expressed his excitement, recognizing the car’s significance and emphasizing its place in Bitcoin history. He expressed his intention to acquire the car and preserve it in a dedicated Bitcoin museum.
Since its acquisition, the Prius has been featured at numerous Bitcoin events, even facilitating the transportation of significant cash amounts from early Bitcoin ATMs. For Bitcoin enthusiasts, the First Bitcoin Car represents a pivotal moment, marking the evolution of digital currency from a mere concept to an accepted store of value.
In addition to the auction, all bidders will receive an exclusive auction NFT, with the winning bidder receiving a unique commemorative 1 of 1 NFT and the honor of adding their signature to this significant piece of Bitcoin history. All NFTs will be minted using the counterparty protocol on the Bitcoin blockchain, further highlighting the car’s connection to the digital currency revolution.