A $450 million plan to build a 450-foot statue of Prometheus on Alcatraz Island has been floated by Ross Calvin, a Bitcoin mining entrepreneur, marking one of the most ambitious memorial proposals in recent memory.
according to Bloombergthe concept officially named The Great Colossus of Prometheus on Alcatraz will feature a towering nickel-and-bronze sculpture and a high-tech museum dedicated to innovation and entrepreneurship.
The project’s estimated height will exceed that of the Statue of Liberty, which stands as a symbol of the “triumph of man” and the spirit of self-sovereignty that crypto proponents often point to.
Alcatraz, once a notorious federal prison and now part of the US National Parks system, will need a special federal permit for any construction.
The island’s protected status means the plan faces long odds and multiple layers of review before any groundwork can begin.
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Why is a Bitcoin miner proposing a $450 million statue on Alcatraz?
Calvin, CEO of a Bitcoin mining company Parhelion The founder of the nonprofit American Colossus Foundation said the group intends to submit a formal proposal with detailed renderings and engineering plans to federal officials by January.
Early drafts describe the structure as a “beacon of optimism,” fusing art, technology, and myth into one massive statement.
The timing of the pitch is striking. This comes in a year in which cryptocurrency wealth and political influence have become increasingly intertwined in the United States. From campaign donations to technology-enabled politics, blockchain money is emerging as a force in Washington.
Against this background, the huge statue celebrating Prometheus, the mythical figure who brought fire to humanity, appears to be a cultural and political message at the same time.
If built, the Prometheus statue would redefine the San Francisco skyline and potentially attract millions of visitors each year.
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How do conservation laws affect the idea of the greatest cryptocurrency memorial?
But for now, this remains a bold proposal, one that captures the fantasy of the cryptocurrency era, even as it confronts the realities of regulation, conservation, and public opinion.
Alcatraz is part of the Golden Gate National Recreation Area and attracts more than a million visitors each year under long-term conservation plans.
Any attempt to build a massive new structure there would face severe legal and regulatory barriers.
National Park Service He is honored Island, and any change would likely require state and regional approval as well.
Island preservation advocates have already spoken out this summer against proposals to change federal oversight of Alcatraz. They call it “one of the most popular and densely populated parks in the country,” generating about $60 million annually in tourism revenue.
Legal experts took note Changing the island’s designation would result in a lengthy public process and review across multiple agencies. This means that any redevelopment effort will face years of scrutiny before a single brick is laid.
The pitch arrives as the role of cryptocurrencies in American politics continues to grow. Fairshake, the industry’s main political action committee, I mentioned Raise $260 million in the 2023-24 election cycle.
The fundraising continues through 2025, as new committees and donors line up ahead of the 2026 midterm elections.
Last month, the Winklevoss twins He added Added to this momentum with a $21 million contribution to a new political action committee that supports pro-crypto candidates.
today, @cameron She donated $21 million in Bitcoin (188.4547 BTC) to the Digital Freedom Fund PAC. a task @FreedomFundPAC It is to help realize President Trump’s vision of making America the cryptocurrency capital of the world. Since the opening, @potos And its management…
– Tyler Winklevoss (@tyler) August 20, 2025
Advocacy groups have warned that such donations are part of a broader wave of political spending this fall, illustrating how digital asset policy has become a major issue in Washington.
Calvin’s nonprofit presents the Prometheus Project as a national symbol of ambition and progress, and a “beacon of optimism and human triumph.”
Materials from Parhelion highlight Calvin’s decade-long work in Bitcoin mining and his leadership of the organization behind the proposal.
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The post Bitcoin OGs Does The New Pharaohs: $450 Million Statue Headline the Year Cryptocurrencies Take Over American Politics? appeared first on 99Bitcoins.
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