U.Today – Today marks a milestone that resonates in the halls of cryptocurrency history, as Budapest, Hungary proudly celebrates the third anniversary of the world’s first statue dedicated to Satoshi Nakamoto, the anonymous inventor of (BTC). The monument, set to be unveiled in 2021, was created by the creative minds of sculptors Gergely Réka and Tamás Gilly.
The sculpture depicts the upper half of a figure with his reflective face covered by a hoodie bearing the Bitcoin logo. Designed to embody the idea that “we are all Satoshi,” the statue eloquently expresses the belief that innovation and progress are collective achievements of many.
Backed by the support of influential Hungarian cryptocurrency advocates such as Mr. Coin, Kripto Akademia, the Hungarian Blockchain Association and Blockchain Budapest, the “Satoshi Statue” itself is a powerful symbol of the collaborative spirit that drives technological progress.
Interestingly, it is the only known memorial to Satoshi Nakamoto, even though Bitcoin is already a trillion-dollar asset that gave rise to a whole new financial market worth two trillion dollars and made a lot of people incredibly rich.
The next big milestone for Bitcoin in regards to Nakamoto will be at the end of October, as this year marks 16 years since Satoshi Nakamoto released the Bitcoin Whitepaper, the founding document that outlined the concept and technology behind the first cryptocurrency.
Hungary and Bitcoin
Meanwhile, Hungary recently passed a new law on cryptoassets, which aligns its national legal framework with EU regulations, known as MiCA. This law covers the issuance, offering and trading of cryptoassets, as well as the supervision and sanctioning of cryptoasset service providers.
This article was originally published on U.Today
