- Ross Calvin, CEO of Parhelion, plans a 450-foot statue on Alcatraz.
- Project cost is estimated at $450 million; no confirmed funding yet.
- No market impact observed; initiative remains in conceptual phase.
Ross Calvin, CEO of Parhelion, plans a 450-foot statue of Prometheus on Alcatraz Island, with a proposal soon to President Trump, costing $450 million.
This initiative signals a bold intersection of Bitcoin entrepreneurship and public art, though it currently lacks seen market impact or verified official funding.
Parhelion Proposes $450 Million Statue on Alcatraz Island
Market reactions remain limited, with no observable impact on crypto tokens or asset prices. Official channels, including Twitter, remain silent, and no notable comments have come from key industry figures such as Arthur Hayes or Vitalik Buterin. Community engagement on social platforms is muted, reflecting a lack of substantial traction so far for Calvin’s monumental vision.
Bitcoin’s current market data as of October 19, 2025, indicates a price of $109,322.98 with a market cap of $2.18 trillion and a dominance of 58.98%. Over the last 24 hours, trading volume reached $43.37 billion. This reflects a 2.38% rise but marks a 4.08% decrease over the past week, based on CoinMarketCap’s reporting.
Bitcoin Market Steady Amid Monumental Project Proposal
Did you know? Historically, few crypto initiatives transition into federally recognized public art projects, reflecting a novel intersection of blockchain impact with cultural heritage endeavors.
Coincu analysts suggest the Prometheus proposal represents progressive potential in marrying digital assets with tangible societal projects. While it has yet to affect financial markets or provoke governmental responses, the initiative could inspire future crypto-backed civic endeavors once formal backing materializes.
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 18:26 UTC on October 19, 2025. Source: CoinMarketCapCoincu analysts suggest the Prometheus proposal represents progressive potential in marrying digital assets with tangible societal projects. While it has yet to affect financial markets or provoke governmental responses, the initiative could inspire future crypto-backed civic endeavors once formal backing materializes.
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Source: https://coincu.com/news/parhelion-prometheus-statue-alcatraz/
