Giant Golden Trump Statue: A Tribute To Bitcoin Support?

Golden Trump Statue with Bitcoin: What’s Fed Rate Connection?

Coinciding with the Federal Reserve’s interest rate cut, a striking 12-foot golden statue of President Donald Trump clutching a Bitcoin was unveiled outside the US Capitol. Funded by crypto investors and tied to a Pump.fun livestream stunt, the statue is a tribute to Trump's pro-crypto stance, reflecting his growing influence in the digital asset world.

Golden Trump Statue Holds Bitcoin

In an astounding development, meme coin enthusiasts installed a colossal 12-foot golden idol of Donald Trump holding a Bitcoin outside the US Capitol. This tribute to the pro-crypto president coincides with the Pump.fun livestream event as well as the Fed rate cut.

The sculpture was strategically positioned directly across from Union Square on Washington's National Mall, stretching up to Capitol Hill and approximately a mile away from the White House. “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," stated recent reports.

A Tribute to the Pro-Crypto President

Significantly, the organizers of the idol claim that it is a tribute to Trump, without whom the US couldn’t attain the crypto lead. Hichem Zaghdoudi, one of the organisers of the statue, noted that it 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.” He added,

“This is a statement, this is to show everybody that without the president, we could never have had this mass adoption of Bitcoin, of cryptocurrencies, of all these big institutions buying Bitcoin. tt shows that’s the future and this is our thank you, our statement, to the president.”

Links to Pump.fun Livestream and Fed Rate Cut

Interestingly, the installation of the giant golden Trump statue coincides with the Pump.fun livestream and the Federal Reserve’s interest rate cut for the first time since December 2024.

The stunt organizers, largely anonymous, created a memecoin on Pump.fun and leveraged multiple livestreams to promote it. During one such livestream, an organizer revealed that the idol was crafted from "extremely hard foam" to ensure it was both lightweight and manageable. The organizers' X account shared behind-the-scenes content, including a machine carving the statue's head and team members transporting it to its final location.

The golden Trump statue also has connections to the Fed rate cut. Yesterday, after the 2-day FOMC Meeting, the central bank announced its decision to reduce rates to 4.1% from 4.3%. The bank has also revealed its plans to make two more reductions later this year.