The pro-crypto City of Lugano in Switzerland has reinstated the statue honoring the legacy of the pseudonymous Bitcoin founder, Satoshi Nakamoto.
Still unknown, yet his legacy continues to grow. The City of Lugano today relived this legacy by unveiling a statue of the Bitcoin creator at Parco Cian.
The star-studded event featured the likes of Tether CEO Paolo Ardoino, FundStrat co-founder Tom Lee, and the statue’s Italian creator, Valentina Picozzi. Notably, the statue has returned to the lakeside after months of absence.
Satoshi Nakamoto Sits Again in Lugano
Notably, Tether and Lugano’s authorities arranged to unveil the Satoshi Nakamoto edifice today, in alliance with the ongoing Plan ₿ Forum in the city.
For the uninitiated, the fourth annual gathering is ongoing in Lugano. The organizers of the forum are stablecoin issuer Tether and the City of Lugano, aiming to accelerate Bitcoin and blockchain adoption in the city.
Ardoino teased the unveiling earlier today with a tweet tagging Satoshigallery, the art outfit behind the statue. Meanwhile, the event went as planned, with the restored statue again sitting at the lakeside.
Statue Reinstated After Vandalization
Notably, the City of Lugano first unveiled the Bitcoin creator’s status a year ago at the same spot. This specifically happened on October 25, 2024, to honor Satoshi Nakamoto’s contributions in creating the world’s first cryptocurrency.
However, the edifice went missing in August, as reports claimed a group of young teenagers excavated it from its podium and threw it into the nearby lake. While it was missing, Satoshigallery offered 0.1 BTC to whoever helped in finding the statue.
Shortly after, Swiss authorities found the statue in the lake, and it has since been under refitting. The city planned the second unveiling today to align with the Plan ₿ event.
Satoshi Nakamoto Status Now In Two More Cities
Satoshi Gallery has installed two copies of the statue in El Salvador and Japan, in alignment with its plan to honor the Bitcoin creator in 21 different locations around the world. The choice of number symbolizes the 21 million Bitcoin supply cap.
The creators have also made new miniature versions of the statue, which they will display in their showroom. One of the status measures 22 cm and is made of stainless steel, and the other is 19 cm and is made of plastic.
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