Fornelli, located in Italy’s Molise region, has announced plans to build a monument honoring Satoshi Nakamoto—the name used by the person or group who created Bitcoin
$92,691.60
.
On April 23, Fornelli’s local government shared on Facebook that the statue will be revealed on May 1. The monument was designed by artist Mattia Pannoni and funded entirely by the town’s administration. No other details about the sculpture—such as its shape or size—have been made public yet.
Fornelli’s mayor, Giovanni Tedeschi, said the decision reflects the town’s support for young people and new ideas. He also emphasized the importance of keeping up with changes in technology and how they shape society.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is ENS? Ethereum Name Service Explained (ANIMATED)
Local officials say that Fornelli has the highest rate of Bitcoin use in the world, considering its small population of about 1,800. While external sources have not confirmed this claim, the town appears to be embracing digital currency more than most.
Officials hope the statue will not only recognize Bitcoin’s creator but also help attract visitors and bring attention to the town.
The figure behind the name Satoshi Nakamoto has never been confirmed. Since publishing the Bitcoin white paper in 2008, Nakamoto has remained anonymous.
Recently, Saifedean Ammous shared in an interview with Anthony Pompliano what he believes would happen to Bitcoin if Michael Saylor’s company, Strategy, held 10 million BTC. What did he say? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
