Hungary’s Bitcoin fans unveil statue in homage of Satoshi Nakamoto

The statue is located in a park in Budapest and was created to raise awareness toward blockchain and cryptocurrencies

A faceless statue of the mysterious Bitcoin creator Satoshi Nakamoto was unveiled in Hungary this Thursday. It is displayed in a park next to the Danube River in Budapest and it has an intentional heavy-handed polishment that reflects one’s image once looking closely at it. 


The creators of the statue’s project were sculptors Reka Gergely and Tamas Gilly who spoke to the Associated Press about the idea behind the art piece and the challenge to portray a person who no one knows exactly what they look like. 

“I hope that through the language of sculpture I have managed to convey the basic idea of Bitcoin, that it belongs to everyone and no one at the same time.”

-Tamas Gilly to AP 

The mystery behind Satoshi Nakamoto’s identity becomes more legendary as time goes by. Admirers and enthusiasts of Bitcoin around the world still don’t know even if it was just one person or a group that called themselves Satoshi to hide their true faces. 

But even though the true identity of Nakamoto is unknown, the fans still have the ultimate respect for his figure and the choice to be anonymous.

Gyorfi stated to AP that the statue is a token to represent this respect, and an effort to “raise awareness toward blockchain and cryptocurrencies.”

In order to make the statue, the artists had to come together with other Hungarian Bitcoin enthusiasts. Together they collected around $10,000 in crypto donations to finance the creation of the bust. 

However, a good confirmation that Satoshi’s work needs to spread more around the world - and also a kind of an irony to the situation - is that the cryptocurrencies collected had to be converted into Hungarian currency because, according to Gyorfi “unfortunately the sculptors and other service providers don’t accept Bitcoin yet.”

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