Another Satoshi Nakamoto Statue Honors Bitcoin's Mysterious Founder

This latest structure makes it the third statue of its kind erected globally in over a month.

Another statue honoring Bitcoin’s mysterious founder, Satoshi Nakamoto, now stands in Fornelli, Italy. This latest structure makes it the third statue of its kind erected globally in over a month.

Satoshi Nakamoto statues now erected across the globe have been a refreshing, yet unconventional approach to drive Bitcoin awareness. The trend also marked more merchants adopting Bitcoin now for transactions.

🚨 A new statue honouring Bitcoin creator #SatoshiNakamoto has been unveiled in Fornelli, Italy 🇮🇹 – fully funded by the municipality, with 24 local merchants accepting #Bitcoin.This marks the 3rd identical monument after El Zonte 🇸🇻 and Tokyo 🇯🇵. pic.twitter.com/OLxiUHGEHt

Satoshi Nakamoto Statues Appear Globally

Last month, Bitcoin supporters had mounted a statue to recognize Nakamoto in El Zonte, a famous town in the South American country of El Salvador, and another one in Tokyo, Japan, before the latest in Fornelli.

Related: Bitcoin’s Price Surge Pushes Satoshi Nakamoto’s Wealth Past $103 Billion

The Municipality of Fornelli funded the local structure, and 24 local merchants confirmed they have started accepting Bitcoin for transactions.

Fornelli Adoption Surprises Analysts

While users could easily understand the move in El Zonte and Tokyo, considering the regions’ exposure to crypto and digital currency, the situation in Fornelli surprised many people.

The small Italian town hardly features in crypto discussions. Fornelli is not renowned for crypto innovations and rarely hosts crypto events. That is why most analysts consider erecting a Nakamoto statue in the region is a bold move to boost Bitcoin’s profile.

Rapid Succession Sparks Bitcoin Discussion

The appearance of three identical statues in quick succession has triggered a fresh round of Bitcoin discussion. There are no confirmations yet whether any individual or group planned the events or if it was a mere coincidence. However, the development has understandably increased Bitcoin’s awareness, considering it is happening alongside the digital asset’s recovery from a recent pullback.

Related: Satoshi Nakamoto is Richer than Bill Gates – Coinbase Director

Bitcoin has gained 30% in the past month after a notable retracement from an all-time high. The pullback saw the flagship crypto drop to $74,434 at the beginning of April. However, a recent recovery saw BTC return above $90,000 in one month to trade for $96,777 at the time of writing, according to data from TradingView. Many analysts expect the uptrend to continue and BTC to climb above $100,000, probably establishing a new all-time high.

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