Saudi Press

Saudi Arabia and the world
Friday, Sep 12, 2025

Hungary Debuts Statue In Honor Of Bitcoin Creator Satoshi Nakamoto

Hungary Debuts Statue In Honor Of Bitcoin Creator Satoshi Nakamoto

The world’s first statue erected to remember the developer of Bitcoin will be located in the heart of Europe, in the capital of Hungary, Budapest. The goal of the statue is to honor Satoshi Nakamoto, the founders believe that his work is truly something to be remembered. Not just because of its significance in the world of IT, but because of its value for humanity in general.
Today, a statue of Bitcoin creator Satoshi Nakamoto was revealed in Budapest, Hungary in front of a large and passionate crowd. “The goal of the statue is to honor Satoshi Nakamoto, the founders believe that his work is truly something to be remembered,” said the initiative’s website.

This bronze statue located in Graphisoft Park was sculpted by Gergely Réka and Tamás Gilly. When sculpting this statue, the pair really wanted to capture the mantra of “we are all Satoshi,” making Satoshi’s face reflective, so when you look at the statue you remind yourself that you play just as an important role in Bitcoin as Satoshi and everyone else does. This is also because the gender, height, weight, and age of Satoshi Nakamoto are unknown — making it impossible to sculpt a descriptive face of whoever Satoshi was.

I love how this faceless statue plays into Elizabeth Warren’s comments this past July calling Bitcoiners a “shadowy faceless group of super coders.” Because it does not matter who Satoshi was as an individual. All that matters is that Satoshi created a decentralized protocol that allows anyone to transfer value in real time without permission from anyone. This “faceless super coder” changed the world for the better by giving people financial hope and opportunity where there was none. Just because someone protects their identity online does not mean they have ill intentions, something Warren has yet to understand.

The statue features Satoshi wearing a hoodie with a recent Bitcoin logo on it — but not the “BC” logo that Satoshi originally started out with. Though it’s important to note there is no “official” logo for Bitcoin, and whatever is used most is what has been popularized by Bitcoiners from all over the world.

Earlier this year, in June, a rough draft of the statue was released to the public. And just a few months later, the statue was built and revealed.

The basic idea for a Satoshi statue came from András Györfi, editor of Kripto Akadémia, the leading Hungarian crypto news site. The most important players of the local crypto market quickly joined, Gabi Debreczeni-Raskó, Debreczeni Barnabás from MrCoin, the leading crypto exchange of the country, Imre Szilágyi, founder of the Blockchain Budapest conference, and Kornél Kalocsai, head of the Blockchain Hungary Association.

Satoshi’s statue represents a general human figure, since we do not know the gender, race, age, height of the mysterious developer. Satoshi is wearing a hoodie, with the Bitcoin logo on its chest. The statue is made of bronze, the face is made of a special bronze-aluminium composite, thus every visitor can see their own face when looking at Satoshi.

We are all Satoshi.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Did the Houthis disrupt the internet in the Middle East? Submarine cables cut in the Red Sea
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Tether Expands into Gold Sector with Profit-Driven Diversification
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
×