Bitcoin News: Satoshi Nakamoto Statue Debuts in Switzerland as Plan B Forum Kicks Off

• The Plan B conference on Bitcoin adoption and financial freedom, will feature notable speakers such as Nick Szabo, Adam Back, and Samson Mow.
• Amid rising corporate interest, Microsoft’s shareholders are set to vote on a proposal to assess Bitcoin investment.

A new statue of Bitcoin’s pseudonymous founder Satoshi Nakamoto has been recently unveiled by the mayor of Lugano, Switzerland, reported renowned crypto trader Willy Woo. Interestingly, this unveiling happens just at the same time as the commencement of the two-day Plan B conference focused on Bitcoin. The conference will see notable guests attending from the crypto and financial sectors.

Mayor of Lugano City presents a Statue of Satoshi.

It’s a great rendition of #Bitcoin’s creator I think. pic.twitter.com/rOAtUMgYcb

— Willy Woo (@woonomic) October 25, 2024

Some of the notable speakers at the event include “Satoshi candidates” Nick Szabo and Adam Back, the founder of Blockstream, as well as Samson Mow, CEO of JAN3 and a former colleague of Back. Additionally, the event will see the participation of prominent figures such as Stella Assange, wife of Julian Assange, his brother Gabriel Shipton, and SkyBridge Capital CEO Anthony Scaramucci, along with Tether CEO Paolo Ardoino.

The major purpose behind this conference is to foster discussions on Bitcoin adoption, economics, financial freedom, and freedom of speech. Satoshi Nakamoto first introduced Bitcoin to the world back in 2009 soon after the 2008 global financial crisis.

Notably, Adam Back is mentioned in the original Bitcoin white paper, contributing to speculation about his identity as Satoshi, with whom Nakamoto corresponded prior to Bitcoin’s launch. Furthermore, the HBO documentary released earlier this month named Bitcoin Core developer Peter Todd as the real Satoshi and BTC founder reported CNF.

Corporate Adoption of Bitcoin

The Bitcoin community has been pushing for the corporate adoption of BTC. Furthermore, with the odds of a Donald Trump victory over Kamala Harris improving, Bitcoin is likely to get further attention. In the past, Donald Trump has mulled over making BTC the reserve asset for America and also plans to issue Bitcoin cheques to reduce the $35 trillion national debt of the United States. Not only Bitcoin, but a Trump presidency could also mean a bull signal for altcoins as well, reported CNF.

On the other hand, corporate players like Microsoft are mulling investments in Bitcoin, per the latest reports. In its recent filing submission to the U.S. Securities and Exchange Commission (SEC), the tech giant outlined a proposal dubbed “Assеssmеnt of Invеsting in Bitcoin” with Microsoft shareholders preparing to vote on Dеcеmbеr 10.

The proposal was introduced by the National Center for Public Policy Research (NCPPR), an independent conservative think tank known for promoting free-market principles. They highlight the success of business intelligence firm MicroStrategy, whose Bitcoin investment strategy has notably outperformed Microsoft’s stock price in 2024.

In his recent post, MicroStrategy chief Michael Saylor told Microsoft CEO Satya Nadella that he could help the firm make another trillion dollars for MSFT shareholders.

Hey @SatyaNadella, if you want to make the next trillion dollars for $MSFT shareholders, call me. pic.twitter.com/NPnVvL7Wmj

— Michael Saylor (@saylor) October 25, 2024