Saudi Press

Saudi Arabia and the world
Friday, Nov 07, 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
MrBeast’s ‘Beast Land’ Arrives in Riyadh as Part of Riyadh Season 2025
Cristiano Ronaldo Asserts Saudi Pro League Outperforms Ligue 1 Amid Scoring Feats
AI Researchers Claim Human-Level General Intelligence Is Already Here
Saudi Arabia Pauses Major Stretch of ‘The Line’ Megacity Amid Budget Re-Prioritisation
Saudi Arabia Launches Instant e-Visa Platform for Over 60 Countries
Dick Cheney, Former U.S. Vice President, Dies at 84
Saudi Crown Prince to Visit Trump at White House on November Eighteenth
Trump Predicts Saudi Arabia Will Normalise with Israel Ahead of 18 November Riyadh Visit
Entrepreneurial Momentum in Saudi Arabia Shines at Riyadh Forward 2025 Summit
Saudi Arabia to Host First-Ever International WrestleMania in 2027
Saudi Arabia to Host New ATP Masters Tournament from 2028
Trump Doubts Saudi Demand for Palestinian State Before Israel Normalisation
Viral ‘Sky Stadium’ for Saudi Arabia’s 2034 World Cup Debunked as AI-Generated
Deal Between Saudi Arabia and Israel ‘Virtually Impossible’ This Year, Kingdom Insider Says
Saudi Crown Prince to Visit Washington While Israel Recognition Remains Off-Table
Saudi Arabia Poised to Channel Billions into Syria’s Reconstruction as U.S. Sanctions Linger
Smotrich’s ‘Camels’ Remark Tests Saudi–Israel Normalisation Efforts
Saudi Arabia and Qatar Gain Structural Edge in Asian World Cup Qualification
Israeli Energy Minister Delays $35 Billion Gas Export Agreement with Egypt
Fincantieri and Saudi Arabia Agree to Build Advanced Maritime Ecosystem in Kingdom
Saudi Arabia’s HUMAIN Accelerates AI Ambitions Through Major Partnerships and Infrastructure Push
IOC and Saudi Arabia End Ambitious 12-Year Esports Games Partnership
CSL Seqirus Signs Saudi Arabia Pact to Provide Cell-Based Flu Vaccines and Build Local Production
Qualcomm and Saudi Arabia’s HUMAIN Team Up to Deploy 200 MW AI Infrastructure
Saudi Arabia’s Economy Expands Five Percent in Third Quarter Amid Oil Output Surge
China’s Vice President Han Zheng Meets Saudi Crown Prince as Trade Concerns Loom
Saudi Arabia Unveils Vision for First-Ever "Sky Stadium" Suspended Over Desert Floor
Francis Ford Coppola Auctions Luxury Watches After Self-Financed Film Flop
US and Qatar Warn EU of Trade and Energy Risks from Tough Climate Regulation
‘No Kings’ Protests Inflate Numbers — But History Shows Nations Collapse Without Strong Executive Power
Ofcom Rules BBC’s Gaza Documentary ‘Materially Misleading’ Over Narrator’s Hamas Ties
"The Tsunami Is Coming, and It’s Massive": The World’s Richest Man Unveils a New AI Vision
Yachts, Private Jets, and a Picasso Painting: Exposed as 'One of the Largest Frauds in History'
AI and Cybersecurity at Forefront as GITEX Global 2025 Kicks Off in Dubai
EU Deploys New Biometric Entry/Exit System: What Non-EU Travelers Must Know
Ex-Microsoft Engineer Confirms Famous Windows XP Key Was Leaked Corporate License, Not a Hack
China’s lesson for the US: it takes more than chips to win the AI race
Israel and Hamas Agree to First Phase of Trump-Brokered Gaza Truce, Hostages to Be Freed
The Davos Set in Decline: Why the World Economic Forum’s Power Must Be Challenged
Wave of Complaints Against Apple Over iPhone 17 Pro’s Scratch Sensitivity
Syria Holds First Elections Since Fall of Assad
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
Nvidia and Abu Dhabi’s TII Launch First AI-&-Robotics Lab in the Middle East
UK, Canada, and Australia Officially Recognise Palestine in Historic Shift
New Eye Drops Show Promise in Replacing Reading Glasses for Presbyopia
Dubai Property Boom Shows Strain as Flippers Get Buyer’s Remorse
Top AI Researchers Are Heading Back to China as U.S. Struggles to Keep Pace
×