Satoshi Nakamoto Featured in a Bitcoin Ad in Times Square

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Satoshi Nakamoto Featured in a Bitcoin Ad in Times Square

Bitcoin creator, Satoshi Nakamoto was mentioned on a billboard in Times Square New York today, alongside a cryptic message, creating intrigue amongst

Bitcoin creator, Satoshi Nakamoto was mentioned on a billboard in Times Square New York today, alongside a cryptic message, creating intrigue amongst passersby.

Earlier today, a new ad appeared on a Billboard in New York’s tourist destination and entertainment hub, Times Square. The advertisement which was paid for by an unknown donor was publicized and shared on X (formerly Twitter) by a popular Chinese crypto reporter Colin Wu. The message on the billboard celebrates the 15th anniversary of Bitcoin’s foundation block.

The headline from the advert on the billboard pointed to the condition that paved the way for the rise of Bitcoin.

“Satoshi Nakamoto: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” the excerpt reads.

The fact that the advertisement is displayed in one of the most famous places on earth highlights the far-reaching journey that Bitcoin has taken since its founding, becoming well-known throughout the world and igniting a financial revolution.

The rise in the popularity and price of Bitcoin over the years underscores the significance of the advertisement. Amid economic crises, the price of the token has shown resilience and soared reaching an all-time high of $69,000 in 2021.

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Even though the current price is still far from its high, the growth is remarkable, breaking through the $45,000 mark in 2024. This is a testament to the strong vision behind the reason for creating the asset by the mentioned Satoshi Nakamoto.

Bitcoin (BTC) price reaction

Meanwhile, the price of the token has cemented firm support at the $42,000 zone. The previous barrier, which has now turned into support, indicates investor optimism and raises the possibility that the uptrend will continue.

Bitcoin’s next major resistance is around the $47,000-$50,000 zone. If the price of BTC reaches this level, it could signify a breakthrough shooting the price to the level of its all-time high.

If Bitcoin maintains its position above the $45,000 mark, and gets more support from investors, we could see a sustained price surge. The general market sentiment indicates bullish as signified by today’s crypto fear and greed index (a metric for measuring the emotions of crypto investors daily).

At the time of writing, data from Coinstats show that Bitcoin is currently trading at $44,804 and is up by 3.9% in the last 24 hours.

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