An unidentified person held up a sign saying “buy bitcoin” that was visible on television during Fed Chair Janet Yellen‘s testimony to the House Financial Services Committee Wednesday.
Bitcoin subsequently climbed towards session highs and traded 3.5 percent higher, at $2,415, as of 1:03 p.m., ET, according to CoinDesk.
Yellen was speaking during the first round of the Fed’s semi-annual monetary policy report to Congress and the state of the economy.
Fundstrat’s Tom Lee said in a Friday note that central banks may one day buy digital currencies like bitcoin. Lee was the first major Wall Street strategist to issue a report on the cryptocurrency.
Yellen did not comment on cryptocurrency during her testimony.