CandleFocus Why a Giant Inflatable Bitcoin Rat Now Stands at the Birthplace of the Fed
2024-09-18
Author: Content Editor
Mathematical artist Nelson Saiers placed a seven-foot-tall inflatable rat, bearing the markings of Satoshi Nakamoto, on a balcony at the Jekyll Island Club. The club is known as the birthplace of the Federal Reserve, where powerful American bankers held covert meetings in the early 1900s. The rat installation was meant to convey a message about the perceived unfairness of the banking system and the suspicion that the system may not be fair to the average person. Saiers, who is known as the "Warhol of Wall Street," left his successful career in finance to become a full-time artist. The artwork also included references to Bitcoin and the proof-of-work mechanism underlying its security. The installation coincided with the Federal Reserve's decision to ease borrowing costs for the first time in years.
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