Trump Bitcoin Statue Unveiled Outside US Capitol, Coinciding with Fed Rate Cut

Key Points:

  • A 12-foot golden statue of Donald Trump holding a Bitcoin was installed near the U.S. Capitol.
  • The installation was funded by cryptocurrency investors and tied to a new memecoin launch.
  • The unveiling coincided with the Federal Reserve’s announcement of its first 2025 interest rate cut.

Lead A 12-foot golden statue of former President Donald Trump clutching a Bitcoin was unveiled on 3rd Street just outside the U.S. Capitol on Thursday, funded by crypto backers and timed to coincide with the Federal Reserve’s quarter-point rate cut.

Nut Graf Organizers say the installation aims to spark debate over digital currencies, monetary policy and the federal government’s evolving role in financial markets. The stunt also serves as a promotional event for a newly launched DJTDST memecoin, which experienced a surge in trading volume following the unveiling.

Installation and Purpose

  • The foam-based statue stood on the National Mall facing Union Square from 9 a.m. to 4 p.m.
  • Funded by a collective of cryptocurrency investors, the artwork symbolizes Trump’s outspoken support for Bitcoin and broader crypto adoption.
  • According to spokesperson Hichem Zaghdoudi, the piece “ignites conversation about the future of government-issued currency and the intersection of politics and digital innovation.”

Memecoin Promotion

  • Concurrent with the statue’s debut, promoters launched the DJTDST token on the Solana-based Pump.fun platform.
  • Trading volumes for DJTDST spiked immediately after the statue appeared, highlighting the interplay between political spectacles and crypto market hype.
  • Livestream events by the memecoin team amplified public attention and drove social media engagement.

Federal Reserve Rate Cut Context

  • Hours after the statue’s installation, the Federal Reserve announced its first interest rate reduction of 2025, lowering the federal funds rate by 25 basis points to 4.1%.
  • Lower borrowing costs tend to boost risk assets, making Bitcoin and other cryptocurrencies more attractive to investors.

Public Reaction and Debate

  • On social media, some users praised the statue as “performance art with financial flair,” while others criticized it as a marketing gimmick.
  • Critics warn that blending political imagery with speculative finance risks conflicts of interest and market manipulation.
  • Supporters argue the installation underscores the growing legitimacy of digital assets in mainstream discourse.

This temporary monument highlights the evolving nexus between politics, art and cryptocurrency, and raises questions about the future of money in the digital age.