{"id":353375,"date":"2018-10-10T18:00:55","date_gmt":"2018-10-10T18:00:55","guid":{"rendered":"https:\/\/uniquehot.com\/?p=353375"},"modified":"2024-06-11T07:37:47","modified_gmt":"2024-06-11T07:37:47","slug":"wall-street-trader-turned-artist-erects-bitcoin-rat-exhibit-across-from-fed","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/wall-street-trader-turned-artist-erects-bitcoin-rat-exhibit-across-from-fed\/","title":{"rendered":"Wall Street Trader-Turned-Artist Erects Bitcoin Rat Exhibit Across from Fed"},"content":{"rendered":"

A former Wall Street hedge fund manager-turned-artist has erected a massive inflatable Bitcoin rat art exhibit across from the U.S. Federal Reserve Bank in New York City. It’s thought to serve as a reminder that 10 years ago the Fed issued taxpayer-funded relief to banks in a $700 billion “bailout” following the sub-prime mortgage crisis.<\/p>\n

Giant Bitcoin Rat Art Exhibit Towers Across from Federal Reserve Bank<\/h2>\n

Passersby and pedestrians in New York may not pay much attention to the giant rat erected across from the Federal Reserve Bank<\/a>. Inflatable rats like these are often seen throughout New York, commonly used by Unions in protest against a company that is deemed to be making the wrong financial decisions and are hiring non-Union workers or “scabs.”<\/p>\n

Upon closer inspection, the massive white inflatable rat bears lines of code and equations related to Bitcoin<\/a> – code that the mysterious Satoshi Nakamoto wrote 10 years earlier in an attempt to free the world of the shackles of centralized fiat currencies and the banks that control it.<\/p>\n

In one eye, there\u2019s a Bitcoin logo; in the other, a POW! symbol from Roy Lichtenstein\u2019s epic painting “Sweet Dreams Baby” representing “Proof of Work.”<\/p>\n

The inspiration for the piece was the 2008 bailout of the United States financial crisis. Artist Nelson Saiers says that the white rat is a “lab rat” in reference to the experimental action taken through the Troubled Asset Relief Program that provided $700 billion in relief to battered banks and finance firms.<\/p>\n

In an interview<\/a>, the artist recalls a quote used by famous artist Banksy and compares Bitcoin to rats.<\/p>\n

“\u2026rats are despised but can knock down civilizations. Bitcoin was similarly ridiculed, who knows if it will play a role in the central banks demise or their grip weakening,” Saiers said.<\/p><\/blockquote>\n

Wall Street Hedge Fund Manager Becomes Finance Artist<\/h2>\n

Saiers knows a lot about financial markets and assets like cryptocurrencies and Bitcoin. The artist began his finance career at Susquehanna Investment Group, then later worked at Deutsche Bank as a derivatives trader and managing director. In 2014, he left his post as chief investment officer at Alphabet Management, a New York hedge fund specializing in options, to pursue a career in art.<\/p>\n

Since then, Saiers is best known for his art exhibits focusing on the world of finance. He\u2019s put together a number of finance-related exhibits such as “Inside Wall Street,” “Abitrage,” and “Upperbound”.<\/p>\n

Saiers will keep the massive Bitcoin rat exhibit on display for the rest of the week, weather permitting, and after will auction off the piece and donate the proceeds to his Elevate New York charity aimed at mentoring underprivileged kids in the Bronx.<\/p>\n

Featured image from Shutterstock.<\/pre>\n","protected":false},"excerpt":{"rendered":"
A former Wall Street hedge fund manager-turned-artist has erected a massive inflatable Bitcoin rat art exhibit across from the U.S. Federal Reserve Bank in New York City. It’s thought to serve as a reminder that 10 years ago the Fed issued taxpayer-funded relief to banks in a $700 billion “bailout” following the sub-prime mortgage crisis. Giant Bitcoin Rat Art Exhibit Towers Across from Federal Reserve Bank Passersby and pedestrians in New York may not pay much attention to the giant rat erected across from the Federal Reserve Bank. Inflatable rats like these are often seen throughout New York, commonly used by Unions in protest against a company that is deemed to be making the wrong financial decisions and are hiring non-Union workers or “scabs.” Upon closer inspection, the massive white inflatable rat bears lines of code and equations related to Bitcoin – code that the mysterious Satoshi Nakamoto wrote 10 years earlier in an attempt to free the world of the shackles of centralized fiat currencies and the banks that control it. In one eye, there\u2019s a Bitcoin logo; in the other, a POW! symbol from Roy Lichtenstein\u2019s epic painting “Sweet Dreams Baby” representing “Proof of Work.” The inspiration for the piece was the 2008 bailout of the United States financial crisis. Artist Nelson Saiers says that the white rat is a “lab rat” in reference to the experimental action taken through the Troubled Asset Relief Program that provided $700 billion in relief to battered banks and finance firms. In an interview, the artist recalls a quote used by famous artist Banksy and compares Bitcoin to rats. “\u2026rats are despised but can knock down civilizations. Bitcoin was similarly ridiculed, who knows if it will play a role in the central banks demise or their grip weakening,” Saiers said. Wall Street Hedge Fund Manager Becomes Finance Artist Saiers knows a lot about financial markets and assets like cryptocurrencies and Bitcoin. The artist began his finance career at Susquehanna Investment Group, then later worked at Deutsche Bank as a derivatives trader and managing director. In 2014, he left his post as chief investment officer at Alphabet Management, a New York hedge fund specializing in options, to pursue a career in art. Since then, Saiers is best known for his art exhibits focusing on the world of finance. He\u2019s put together a number of finance-related exhibits such as “Inside Wall Street,” “Abitrage,” and “Upperbound”. Saiers will keep the massive Bitcoin rat exhibit on display for the rest of the week, weather permitting, and after will auction off the piece and donate the proceeds to his Elevate New York charity aimed at mentoring underprivileged kids in the Bronx. Featured image from Shutterstock.<\/p>\n","protected":false},"author":517,"featured_media":353406,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12436,5651,3],"tags":[228,428,2012,16480],"class_list":["post-353375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai-and-tech","category-bitcoin","category-news","tag-art","tag-bitcoin","tag-federal-reserve-bank","tag-nelson-saiers"],"acf":[],"yoast_head":"\nWall Street Trader-Turned-Artist Erects Bitcoin Rat Exhibit Across from Fed<\/title>\n<meta name=\"description\" content=\"A former Wall Street hedge fund manager-turned-artist has erected a massive inflatable Bitcoin rat art exhibit across from the Federal Reserve Bank in NYC.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.","sameAs":["https:\/\/coinchartist.io\/","https:\/\/www.instagram.com\/coinchartist_io\/","https:\/\/x.com\/https:\/\/twitter.com\/tonythebullBTC","https:\/\/www.youtube.com\/@coinchartist_io"],"url":"https:\/\/uniquehot.com\/author\/tonymspilotro\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Wall Street Trader-Turned-Artist Erects Bitcoin Rat Exhibit Across from Fed","url":"http:\/\/uniquehot.com\/news\/wall-street-trader-turned-artist-erects-bitcoin-rat-exhibit-across-from-fed\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/wall-street-trader-turned-artist-erects-bitcoin-rat-exhibit-across-from-fed\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/10\/Bitcoin-Rat.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/10\/Bitcoin-Rat.jpg?fit=1000%2C667"},"articleSection":"AI and Tech","author":[{"@type":"Person","name":"Tony \"El Toro\" Severino"}],"creator":["Tony \"El Toro\" Severino"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["art","bitcoin","federal reserve bank","nelson saiers"],"dateCreated":"2018-10-10T18:00:55Z","datePublished":"2018-10-10T18:00:55Z","dateModified":"2024-06-11T07:37:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Wall Street Trader-Turned-Artist Erects Bitcoin Rat Exhibit Across from Fed\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/wall-street-trader-turned-artist-erects-bitcoin-rat-exhibit-across-from-fed\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/wall-street-trader-turned-artist-erects-bitcoin-rat-exhibit-across-from-fed\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2018\\\/10\\\/Bitcoin-Rat.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2018\\\/10\\\/Bitcoin-Rat.jpg?fit=1000%2C667\"},\"articleSection\":\"AI and Tech\",\"author\":[{\"@type\":\"Person\",\"name\":\"Tony \\\"El Toro\\\" Severino\"}],\"creator\":[\"Tony \\\"El Toro\\\" Severino\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"art\",\"bitcoin\",\"federal reserve bank\",\"nelson saiers\"],\"dateCreated\":\"2018-10-10T18:00:55Z\",\"datePublished\":\"2018-10-10T18:00:55Z\",\"dateModified\":\"2024-06-11T07:37:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/10\/Bitcoin-Rat.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/353375"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/517"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=353375"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/353375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/353406"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=353375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=353375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=353375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}