Originating in early 2013, the Bitcoin Wizard was created by Reddit user u/mavensbot as a crude MS Paint advertisement to promote the r/Bitcoin subreddit. The drawing features a whimsical wizard and the slogan 'Magic Internet Money,' which quickly became a symbol of the playful yet revolutionary spirit of early cryptocurrency adopters. Over the years, the wizard has transcended its advertisement roots to become a beloved mascot for the crypto community, representing the grassroots and community-driven nature of decentralized finance. It is frequently used in memes to highlight the perceived absurdity and 'magic' of digital currencies compared to traditional banking systems.