Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. Each and every one of our writers has an active tipping widget.
  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Giant Rat with Bitcoin Graffiti Greets Wall Street Federal Reserve Branch

written by

Giant Rat with Bitcoin Graffiti Greets Wall Street Federal Reserve Branch

Support free journalists: > send a tip

Ex-hedge fund manager and artist Nelson Saiers, nicknamed the Warhol of Wall Street, has placed a giant inflatable rat in front of the Federal Reserve branch located on Wall Street in New York City. The giant rat is expected to be in front of the Federal Reserve for a few days before being taken down.

The Federal Reserve is the most powerful bank in the world; it controls the world’s dominant fiat currency, the USD, and had assets approaching USD 5 trillion as of 2017. The interpretation of this rat remains up to each individual person but in general, it is supposed to represent the competitiveness between the fiat system and cryptocurrency, and was designed to make people think critically about Bitcoin.

The pupils of the rat spell PoW, which stands for Bitcoin’s Proof-of-Work algorithm, which is how miners solve hashes and group transactions into blocks to secure the Bitcoin network. The rat is covered with colorful code and mathematical equations, showing how Bitcoin is a currency that exists entirely within computers and the internet and has set parameters, in stark contrast to fiat currency which is controlled by humans at the Federal Reserve and other central banks who can change parameters at will.

Saiers specifically placed the giant inflatable rat on Maiden Lane, which is named after the organization that bailed out AIG and Bear Sterns during the 2008 financial crisis. The bailouts of the 2008 financial crisis amounted to trillions of dollars, representing a transfer of money from average Americans to the rich establishment, the same rich establishment that caused the 2008 financial crisis in the first place via their immoral investment practices. The 2008 financial crisis caused massive inflation of the US dollar due to all the money printing that the bailouts required. The 2008 financial crisis is thought by some to be the impetus for the launch of Bitcoin in 2009.

The rat has specific symbolism in the crypto world since Warren Buffet famously labeled Bitcoin as “rat poison squared”. Warren Buffet and numerous other financial leaders have trashed Bitcoin with colorful labels in the past.

Saiers says, “The sculpture’s supposed to kind of reflect the spirit of Satoshi and what he’s trying to do. It’s art, so I hope they’re entertained by it. It’s informative, I hope people will learn [and] I’m hoping it’ll at least help people understand bitcoin better and be kind of faithful to what Satoshi would have wanted… People have been mocking Bitcoin, but now it’s a USD 100 billion entity. It’s been scorned, but will it play a role in dampening the importance of central banks and fiat currencies?”.


Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter