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Freedom251 › Blog › Bitcoin Amsterdam

The Undercurrent: Three European Artists Making Money Visible Through Bitcoin Art

By Freedom251 Team · · 5 min read

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Money is usually designed to disappear into prices, balances and payment screens. At the Bitcoin Museum & Art Gallery (BMAG), three European artists make its hidden rules tangible: ZETRA visualizes inflation and purchasing power, RYR turns destroyed banknotes into physical matter, and Cypherpunk Now traces bitcoin’s hacker-era ideals through print, collage and digital work. Their works are scheduled for BMAG programming at Bitcoin Amsterdam on November 4–6, 2026, subject to confirmation of the event schedule and inventory.

Why Amsterdam is a fitting place to examine money

Amsterdam’s financial history supplies an unusually long view of speculation and monetary innovation. The speculative bubble of 1720 inspired The Great Mirror of Folly, a collection of satirical images documenting the period’s schemes and failures. Centuries later, cryptographer David Chaum worked at Amsterdam’s Centrum Wiskunde & Informatica and developed DigiCash around 1990, an early attempt to create digitally native money.

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BMAG has previously used visual art to explain monetary systems. The Waterworks of Money by Carlijn Kingma, Thomas Bollen and Martijn Jeroen van der Linden depicts money creation and distribution as an irrigation network, allowing viewers to follow flows that are normally hidden behind financial institutions. The new presentation continues that effort through artists whose methods range from altered commercial imagery to banknote sculpture and cypherpunk printmaking.

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How the three artists make money visible

Artist Primary materials What becomes visible Relationship to bitcoin culture
ZETRA Paint, fine-art print and the 2,048-word BIP39 vocabulary Inflation, changing prices and purchasing power Observes bitcoin through visual comparisons between dollars and bitcoin
RYR Shredded banknotes, note-derived pigment, handmade paper and concrete Money as a material object and a collective story Tests the physical and symbolic limits of currency
Cypherpunk Now (Martin Fischer) Collage, screenprint, animation, NFTs and virtual exhibition Bitcoin’s hacker history, censorship resistance and political imagination Participates directly in the communities that shaped early bitcoin culture

ZETRA: prices, purchasing power and the BIP39 vocabulary

Turning a soup can into a price chart

ZETRA emerged from Germany’s graffiti scene, began painting in the early 1990s and discovered bitcoin in 2017. His ongoing TOMATOSOUP paintings adapt the familiar Campbell’s Soup visual language associated with Andy Warhol. Instead of treating the can as a fixed consumer icon, ZETRA uses it to show changing prices denominated in dollars and bitcoin. The same everyday product can therefore expose inflation: the label remains recognizable while the amount of money required to buy it changes.

The comparison is not a prediction about bitcoin’s future price. It is a visual device for asking what a price means when the unit used to measure it loses purchasing power, and whether a bitcoin-denominated figure tells a different story from a dollar-denominated one.

Making wallet words into images

THE BIP39 SERIES converts the 2,048 words used in bitcoin wallet-recovery phrases into visual works. Individual pieces include 1206/NOTE, 1044/LIST, 1638/SMILE and 0388/CORN. The series gives a normally private, functional vocabulary a public visual form: words that help secure access to funds become the subject of display.

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The article describes 1638/SMILE as a fine-art print mounted on Alu-Dibond beneath a 6 mm acrylic-glass cover. That construction places a technical reference—one word from a standardized wallet vocabulary—inside the presentation conventions of gallery art.

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RYR: when currency becomes the medium

Banknotes as raw material

RYR also came from Germany’s graffiti scene, but his approach begins by physically dismantling money. He makes paper from shredded banknotes, burns notes to produce pigment and fills concrete grenades with shredded cash. He calls these objects “artifacts from the future,” a phrase that frames obsolete or transformed currency as evidence from a possible monetary aftermath.

These works force a distinction between money’s material carrier and its social function. A banknote can be cut, pulped or burned, yet the object’s former value remains present in the viewer’s knowledge. The tension is the point: the artwork shows how a trusted symbol can become ordinary matter without losing its cultural charge.

Value as a narrative system

RYR describes money as “essentially a narrative system built on collective belief and obedience.” In his account, the same structure applies whether value is printed on paper or represented by numbers on a screen. Currency works because people accept a shared story, follow its rules and expect others to do the same.

He expects bitcoin could become a broader, increasingly regulated financial asset while its grassroots artistic identity remains visible. That position leaves room for both institutional adoption and cultural dissent: regulation may change how bitcoin is used without erasing the communities and arguments that formed around it.

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Cypherpunk Now: from broadcast intervention to bitcoin printmaking

Martin Fischer’s route through Ztohoven and Paralelní Polis

Cypherpunk Now is the working name of Martin Fischer, who joined the Prague art collective Ztohoven in 2003. The collective became known for inserting a fictional nuclear explosion into a Czech Television broadcast, an intervention that questioned the authority of official images and live media.

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In 2014, Ztohoven opened Paralelní Polis, a hackerspace whose café accepted only bitcoin. Fischer designed its logo. He recalls that the project began during a bear market, when the group saw bitcoin as “uncensorable money” and focused on the changes it could bring to society. A screen-printing press installed at the space led Fischer into printmaking; since 2020 he has worked as Cypherpunk Now.

One idea across physical and digital formats

His Cypherpunks of the World project developed from collages into handmade screenprints, animated NFTs and a virtual gallery. The format changes, but the subject remains the relationship between technology, privacy, authority and collective action. Other cited works include Out of Order (2023), St. Satosius Contra Draconem (2025) and Lazar Eyes (2022).

Fischer’s work differs from ZETRA’s price comparisons and RYR’s material experiments because it is rooted in direct participation. The imagery is connected to places, symbols and debates that helped define bitcoin’s early community, rather than viewing the currency solely from outside.

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Where to see the work in Europe

BMAG programming at Bitcoin Amsterdam is scheduled for November 4–6, 2026, with works by ZETRA, RYR, Cypherpunk Now and other European artists. Dates, display details and access arrangements are time-sensitive, so check the event’s current information before traveling. Additional artworks and editions are expected to be offered through the BMAG shop at shop.museum.b.tc; availability and terms should be verified because inventory can change.

What a bitcoin art print can explain

  • Inflation: ZETRA’s soup-can imagery makes a changing price level legible without reducing it to an abstract percentage.
  • Purchasing power: Showing dollar and bitcoin figures together asks what happens when the measuring unit changes.
  • Trust: RYR’s destroyed notes reveal that value depends on shared belief, not only on paper or pixels.
  • Technical culture: ZETRA’s BIP39 works and Cypherpunk Now’s prints turn specialist vocabulary and community history into visual subjects.
  • Institutional change: The artists leave viewers to consider whether regulation, adoption and artistic dissent can coexist.

Together, the three practices answer the question “What is bitcoin art?” without defining a single style. It can be a price comparison, a sculpture made from currency’s remains, or a print-and-digital archive of the communities that challenged conventional money. The common thread is making an otherwise invisible monetary system available to the eye.

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Bitcoin Amsterdambitcoin artBMAGCypherpunk NowEuropean artistsinflationmoney and valueRYRZETRA

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