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The founder of Bitcoin will have a statue in Budapest

Updated: Aug 31, 2024
Published: May 29, 2021
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A statue of Satoshi Nakamoto is to be built in Budapest, Hungary, as part of a local initiative by the Hungarian crypto community to raise awareness of the importance of Bitcoin (BTC) and blockchain technology.

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They will create a "general human figure" without a specific gender

The idea came from András Györfi, the editor of the Hungarian crypto website Kripto Akadémia. He later got assisted by other people that are active and known in the Hungarian crypto community.

According to their plan, the general human-height sculpture will be made of aluminum bronze. The sculptors are Réka Gergely and Tamás Gilly. They will create a "general human figure" without a specific gender, with a symbolic nose and lips. Satoshi will wear a hoodie and have a Bitcoin logo on its chest.

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The statue will have a reflective or mirror-like face

To this day, it is not known with certainty who the creators of this digital asset are, for this reason the statue will have a reflective or mirror-like face that will allow anyone facing the statue to see themselves in the face, signifying the fact that Satoshi's identity is irrelevant and we can all become Satoshi by building technology, forming a community, or simply using Bitcoin. It will be displayed in Graphisoft Park, Budapest, next to the statue of Steve Jobs, the co-founder of Apple. The founders contributed $6,000 to the project. The team also managed to raise another $11,000 as a community fundraiser. According to the team, the sculpture will serve as a tribute to the paradigm shift that blockchain technology has caused.

The Satoshi monument is still a work in progress, but should be completed within the next three weeks.

Who is Satoshi Nakamoto?

It is the name or pseudonym of the person that developed Bitcoin and the reference software for the digital currency. His work allowed the transfer of values between two users located anywhere in the world without the need for a third party such as a financial organization or a bank.

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