The second statue dedicated to Bitcoin’s creator, Satoshi Nakamoto, was unveiled in El Zonte, El Salvador, a location famously known as Bitcoin Beach. This statue follows the first one, which was erected in Lugano, Switzerland, marking a significant effort to immortalize Nakamoto and his groundbreaking contribution to the world of cryptocurrency.
Details of the Statue in El Zonte
The El Zonte statue was unveiled in a region known for its adoption of Bitcoin, especially after El Salvador made Bitcoin legal tender in 2021. The statue, like the first, is designed by Valentina Picozzi and portrays a hooded figure, symbolizing the anonymity of Nakamoto and conveying the message that “we are all Satoshi.” The precise identity of the creator of the El Zonte statue remains unclear, but its placement in Bitcoin Beach highlights the symbolic importance of the location within the crypto community.
The Symbolic Significance
El Zonte, also known as Bitcoin Beach, is a critical hub for the Bitcoin movement, and the unveiling of this statue reflects El Salvador’s continuing embrace of cryptocurrency. It also aligns with the country’s efforts to strengthen crypto regulations, fostering a crypto-friendly environment. This statue, along with the first in Lugano, serves as a reminder of Nakamoto’s immense influence on the digital currency ecosystem.
Industry Reactions
The unveiling of the second statue did not appear to have an immediate impact on Bitcoin’s market price, despite the token briefly nearing $86,000. However, prominent figures in the industry, including Tether CEO Paolo Ardoino, have expressed the symbolic value of the statue. Ardoino posted on X (formerly Twitter), saying, “We’re Satoshi, especially in El Salvador,” reflecting the sense of community and belonging the statue fosters within the crypto world.
Previous Nakamoto Statues
The statues are inspired by the one located in Budapest, Hungary, at the Graphisoft Park, which is accessible 24/7 and features a golden representation of Nakamoto. These statues are part of an ongoing effort to immortalize Nakamoto, whose identity remains shrouded in mystery.
The Ongoing Search for Nakamoto’s Identity
The statues have also kept the mystery of Nakamoto’s true identity alive. The search to uncover who Satoshi Nakamoto is continues, with HBO recently fueling speculation by considering several potential candidates. Last year, Peter Todd, a notable figure in the crypto space, was named as a possible Nakamoto, but he denied the claim, leaving the identity of the elusive creator still unresolved.
As the quest to uncover Nakamoto’s true identity continues, the statues represent a lasting tribute to the person (or group) behind the creation of Bitcoin and the ongoing revolution in digital currency.
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