Bizarre or Brilliant? Golden Trump Statue Holding Bitcoin Unveiled in Washington

Advertisment

A distinctive 12-foot-long golden statue of President Donald Trump holding a Bitcoin has been unveiled outside the US Capitol, drawing both crowds and controversy. ABC affiliate WJLA revealed that the statue was funded by cryptocurrency investors.

The time of revealing the statue also made headlines as the Federal Reserve announced a 25-basis-point interest rate cut. The debut of the golden Trump statue has sparked a frenzy on social media and renewed talks around the US President’s relationship with cryptocurrency.


Who Built the Statue?

The golden statue was erected just opposite Union Square in Washington, DC, on the National Mall that leads up to Capitol Hill, roughly a mile away from the White House.

Advertisment

According to ABC affiliate WJLA, this temporary statue was funded by a collective of cryptocurrency investors. “Organizers said the piece is intended to provoke debate about the future of digital currency, monetary policy, and the federal government’s role in financial markets,” the report mentioned.

Hichem Zaghdoudi, a representative of the group, stated, “This installation is designed to ignite conversation about the future of government-issued currency and is a symbol of the intersection between modern politics and financial innovation.”

“As the Federal Reserve shapes economic policy, we hope this statue prompts reflection on cryptocurrency’s growing influence.”

Advertisment

"Organisers said the piece is intended to provoke debate about the future of digital currency, monetary policy, and the federal government’s role in financial markets," according to reports.

Group members paid tribute to Donald Trump’s unwavering support for cryptocurrency. Several visuals of the statue were posted on social media, praising the president's pro-cryptocurrency stance.

Several reports claim that the crypto industry bankrolled him heavily during his presidential run last year. This also raised conflict-of-interest concerns as Trump has unwound regulatory oversight of the sector.


The Statue Stunt is Not Rare

Advertisment

In June, an eight-foot (almost 2.4-meter) tall statue dubbed “Dictator Approved” suddenly appeared in the heart of Washington to mock US President Donald Trump. The viral stunt carried a strong message of crushing the crown of the Statue of Liberty with a giant golden hand in thumbs-up position. It was in protest of Donald Trump’s highly criticized military parade.


Federal Reserve Cuts Interest Rates

The Federal Reserve announced its key interest rate cut by a quarter-point since December 2024. The cut will lower the short-term rate to about 4.1 per cent, down from 4.3 per cent. With two more cuts predicted by the end of this year, the economic performance is the key topic of discussion globally now. However, only one cut is estimated for 2026, which may upset Wall Street.

President Trump’s relationship with the US central bank chief has faced relentless attacks several times. Now, all eyes are on Trump's reaction to this interest rate cut decision by Fed officials, led by Jerome Powell.