Italian town to spend 10,000 euros on Satoshi Nakamoto monument

The Italian municipality of Fornelli, located in the Molise region, plans to unveil a monument dedicated to Bitcoin’s (CRYPTO:BTC) pseudonymous creator, Satoshi Nakamoto, on May 1.

The artwork was designed by local artist Mattia Pannoni and financed by the Fornelli local government, according to an April 23 Facebook post from the municipality.

While specific details about the monument’s appearance were not disclosed, the project reflects the town’s engagement with cryptocurrency culture.

“It is important, indeed fundamental, as an administration, to take into consideration all the new ideas that come from our young people,” emphasised Mayor Giovanni Tedeschi.

For a small town of roughly 1,800 residents, Fornelli claims to have the “highest density of Bitcoin adoption in the world,” highlighting its unique local connection to the digital currency.

Other regions have also explored cryptocurrency to boost tourism and local commerce, such as Bitcoin Beach in El Salvador and the Swiss city of Zug, which accepts crypto payments for various goods and services.

The identity of Satoshi Nakamoto remains unknown, whether an individual or a group, since the Bitcoin white paper was published in 2008.

Artists worldwide have attempted to depict Satoshi through statues and digital art, often portraying a faceless figure, sometimes wearing a hoodie or working on a computer, reflecting the mystery surrounding the creator.

The monument will be installed in Piazza Umberto I, a central area in Fornelli, where it will be unveiled to the public on May 1.