Artist Uses Giant Bitcoin Rat as a Protest Art Piece Targeting Alan Greenspan
Nelson Saiers is a former hedge fund manager, but presently uses artwork as a means to make a statement in the ever-changing economy. Last month, he was responsible for installing an inflatable rat right on Wall Street, which he used to bring attention to “the giant rats inflated by union protesters as a way to point a finger at companies for mistreating employees,” as CoinDesk wrote. The piece was meant to be a method of protest, hopefully causing its viewers to examine economics and month management. It was placed in front of the Federal Reserve Bank of New York, challenging the validity of Bitcoin.
It seems that this protesting artist has found someone else that is worthy of a performance piece – Alan Greenspan. His piece is planned to be positioned in Washington, DC, and Saiers has taken a lot of time to decide on the best place to put it. Within the next few days, this piece will be setup a few blocks away from the Eccles Building, which the headquarters for the U.S. Federal Reserve, but there are more reasons for choosing this option.
Based on information from Saiers, the statement he is trying to make to Greenspan is an assignment of blame for possibly, albeit accidentally, bringing the public directly into the 2008 financial crisis. On the rat, there will be a Halloween mask that features Greenspan’s face, accompanied by a speech balloon near its mouth, saying, “I made a mistake.”
Saiers commented, “Given … we were in the midst of the biggest financial crisis in 70 years it was a bit late for the guy who led the Fed … to come to this realization,” Saiers argued, adding: “Hence why I’m late to ‘trick or treat’ the Fed.” The last time that Saiers spoke with CoinDesk about his art piece, the interpretation was based on the viewer. However, this look right now is fairly direct.
When the rat was setup in New York City, Saiers commented that the rat was a demonstration of Bitcoin attempting to become an alternative currency option for the current financial system. In the middle of the financial crisis, the Bitcoin whitepaper was released on October 31, 2008.
Saiers has more plans to bring forth his protest art. Once the DC display is over, he plans to take the show to London, installing the rat in front of The Bank of England. The bank is on his mind after Satoshi Nakamoto “called out” the institution in the genesis block of cryptocurrency.
More generally about his art as a whole, Saiers also said, “Again one of the reasons why a person may choose to invest in bitcoin is they are deeply scared of the Federal Reserve making a gigantic mistake.”