Saudi Press

Saudi Arabia and the world
Saturday, Nov 29, 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
Will Saudi Arabia End Up Bankrolling Israel’s Post-Ceasefire Order in Lebanon?
Saudi Arabia’s SAMAI Initiative Surpasses One-Million-Citizen Milestone in National AI Upskilling Drive
Saudi Arabia’s Specialty Coffee Market Set to Surge as Demand Soars and New Exhibition Drops in December
Saudi Arabia Moves to Open Two New Alcohol Stores for Foreigners Under Vision 2030 Reform
Saudi Arabia’s AI Ambitions Gain Momentum — but Water, Talent and Infrastructure Pose Major Hurdles
Tensions Surface in Trump-MBS Talks as Saudi Pushes Back on Israel Normalisation
Saudi Arabia Signals Major Maritime Crack-Down on Houthi Routes in Red Sea
Italy and Saudi Arabia Seal Over 20 Strategic Deals at Business Forum in Riyadh
COP30 Ends Without Fossil Fuel Phase-Out as US, Saudi Arabia and Russia Align in Obstruction Role
Saudi-Portuguese Economic Horizons Expand Through Strategic Business Council
DHL Commits $150 Million for Landmark Logistics Hub in Saudi Arabia
Saudi Aramco Weighs Disposals Amid $10 Billion-Plus Asset Sales Discussion
Trump Hosts Saudi Crown Prince for Major Defence and Investment Agreements
Families Accuse OpenAI of Enabling ‘AI-Driven Delusions’ After Multiple Suicides
Riyadh Metro Records Over One Hundred Million Journeys as Saudi Capital Accelerates Transit Era
Trump’s Grand Saudi Welcome Highlights U.S.–Riyadh Pivot as Israel Watches Warily
U.S. Set to Sell F-35 Jets to Saudi Arabia in Major Strategic Shift
Saudi Arabia Doubles Down on U.S. Partnership in Strategic Move
Saudi Arabia Charts Tech and Nuclear Leap Under Crown Prince’s U.S. Visit
Trump Elevates Saudi Arabia to Major Non-NATO Ally Amid Defense Deal
Trump Elevates Saudi Arabia to Major Non-NATO Ally as MBS Visit Yields Deepened Ties
Iran Appeals to Saudi Arabia to Mediate Restart of U.S. Nuclear Talks
Musk, Barra and Ford Join Trump in Lavish White House Dinner for Saudi Crown Prince
Lawmaker Seeks Declassification of ‘Shocking’ 2019 Call Between Trump and Saudi Crown Prince
US and Saudi Arabia Forge Strategic Defence Pact Featuring F-35 Sale and $1 Trillion Investment Pledge
Saudi Sovereign Wealth Fund Emerges as Key Contender in Warner Bros. Discovery Sale
Trump Secures Sweeping U.S.–Saudi Agreements on Jets, Technology and Massive Investment
Detroit CEOs Join White House Dinner as U.S.–Saudi Auto Deal Accelerates
Netanyahu Secures U.S. Assurance That Israel’s Qualitative Military Edge Will Remain Despite Saudi F-35 Deal
Ronaldo Joins Trump and Saudi Crown Prince’s Gala Amid U.S.–Gulf Tech and Investment Surge
U.S.–Saudi Investment Forum Sees U.S. Corporate Titans and Saudi Royalty Forge Billion-Dollar Ties
Elon Musk’s xAI to Deploy 500-Megawatt Saudi Data Centre with State-backed Partner HUMAIN
U.S. Clears Export of Advanced AI Chips to Saudi Arabia and UAE Amid Strategic Tech Partnership
xAI Selects Saudi Data-Centre as First Customer of Nvidia-Backed Humain Project
A Decade of Innovation Stagnation at Apple: The Cook Era Critique
President Trump Hosts Saudi Crown Prince Mohammed bin Salman in Washington Amid Strategic Deal Talks
Saudi Crown Prince to Press Trump for Direct U.S. Role in Ending Sudan War
Trump Hosts Saudi Crown Prince: Five Key Takeaways from the White House Meeting
Trump Firmly Defends Saudi Crown Prince Over Khashoggi Murder Amid Washington Visit
Trump Backs Saudi Crown Prince Over Khashoggi Killing Amid White House Visit
Trump Publicly Defends Saudi Crown Prince Over Khashoggi Killing During Washington Visit
President Donald Trump Hosts Saudi Crown Prince Mohammed bin Salman at White House to Seal Major Defence and Investment Deals
Saudi Arabia’s Solar Surge Signals Unlikely Shift in Global Oil Powerhouse
Saudi Crown Prince Receives Letter from Iranian President Ahead of U.S. Visit
Saudi Arabia’s Crown Prince Begins Washington Visit to Cement Long-Term U.S. Alliance
Saudi Crown Prince Meets Trump in Washington to Deepen Defence, AI and Nuclear Ties
Saudi Arabia Accelerates Global Mining Strategy to Build a New Economic Pillar
Crown Prince Mohammed bin Salman Arrives in Washington to Reset U.S.–Saudi Strategic Alliance
Saudi-Israeli Normalisation Deal Looms, But Riyadh Insists on Proceeding After Israeli Elections
Saudis Prioritise US Defence Pact and AI Deals, While Israel Normalisation Takes Back Seat
×