Celebrating the Satoshi Nakamoto Statue: A Symbol of Bitcoin's Legacy

A Monument to Satoshi Nakamoto

Budapest, Hungary, celebrates a significant milestone with the third anniversary of the world's first statue dedicated to Satoshi Nakamoto, the elusive creator of Bitcoin (BTC). Unveiled in 2021, this monument, crafted by sculptors Gergely Réka and Tamás Gilly, symbolizes the collaborative nature of technological advancement. The sculpture, featuring a reflective face shrouded by a hoodie adorned with the Bitcoin logo, conveys the message that "we are all Satoshi," highlighting the collective effort behind innovation.

Symbol of Cryptocurrency Progress

Supported by prominent Hungarian cryptocurrency advocates, including Mr. Coin, Kripto Akademia, and the Blockchain Hungary Association, the statue stands as a testament to the unity and determination fueling technological progress. Despite Bitcoin's status as a trillion-dollar asset that revolutionized the financial market, this statue remains the only known monument to Satoshi Nakamoto.

Upcoming Bitcoin Milestone

As Bitcoin enthusiasts look forward to the end of October, they prepare to commemorate another milestone: 16 years since the release of the Bitcoin Whitepaper. This foundational document introduced the world to the concept and technology behind the first cryptocurrency, marking a significant moment in Bitcoin's history.

Hungary's Crypto Regulations

In tandem with these celebrations, Hungary has made strides in its crypto regulatory framework. The nation recently enacted a new law aligning with the European Union's MiCA regulations. This law governs the issuance, offering, and trading of crypto assets, as well as the oversight of crypto-asset service providers. This legislative move signifies Hungary's commitment to integrating with EU standards while fostering the growth of its cryptocurrency market.