Bitcoin Deepens Wall Street Penetration With Satoshi Nakamoto Statue At NYSE
Bitcoin has entrenched itself deeper into Wall Street as the New York Stock Exchange (NYSE) becomes the sixth host of Valentina Picozzi’s “disappearing” Satoshi Nakamoto statue.
The statue was installed by Bitcoin company Twenty One Capital, which made its public debut this week.
“Its new home marks a shared ground between emerging systems and established institutions,” the NYSE wrote in a post on X. “From code to culture, the placement represents an artistic reflection on how new ideas become part of shared history.”
The statue’s placement also coincided with the anniversary of the Bitcoin mailing list, which Nakamoto launched on Dec. 10, 2008.
More Satoshi Statues Will Be Placed
Picozzi, the statue’s creator, said on X under her Satoshigallery handle that seeing her latest design in the NYSE is “mind-blowing.”
“This is such an achievement, even in our wildest dream we wouldn’t think about placing the statue of Satoshi Nakamoto in this location,” she said. ”Inside one of the oldest financial institutions.”
Along with the NYSE statue, there are five others across the world in Switzerland, El Salvador, Japan, Vietnam, and Miami, Florida.
Picozzi said that she is committed to placing 21 Nakamoto statues around the world, possibly a reference to the crypto’s hardcoded 21 million supply.
A Mint Of 50 BTC Led To The Creation Of A Multi-Trillion-Dollar Industry
Bitcoin’s creator, who remains unidentified, minted the first block on the Bitcoin network, called the genesis block, on Jan. 3, 2009.
The blockchain’s launch was a response to the traditional finance industry and Wall Street, which had just led the world into the 2008 global financial crisis.
That mint planted the seed for what has become a multi-trillion-dollar industry.
BTC price performance since launch (Source: CoinMarketCap)
Much of the crypto industry’s growth is due to the exponential surge in BTC’s price since its launch.
But Bitcoin’s journey has been anything but smooth. It has been shunned by leading traditional finance firms, who had dismissed the blockchain and BTC as a network to facilitate fraud and illicit activities.
Hostile governments have banned or restricted access to Bitcoin and the broader crypto space. In the US, the former Joe Biden administration allegedly launched Operation Chokepoint, which industry leaders said was a deliberate effort to cut off crypto firms’ access to bank accounts.
Things have changed in the US under President Donald Trump, who promises to make his nation the ”crypto capital of the world.”
That’s helped turbocharge crypto’s adoption with Bitcoin becoming a central allocation of many corporate balance sheets.
According to BitBo, public and private companies, countries, and ETFs now collectively hold more than 3.7 million BTC valued at more than $336 billion.
JPMorgan’s Jamie Dimon, who once called likened Bitcoin to a pet rock that does nothing, now allows his bank’s clients to trade BTC.
BlackRock, the world’s largest fund manager, now manages the world’s biggest Bitcoin ETF (exchange-traded fund) and CEO Larry Fink likens BTC to digital gold.
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