Washington DC, September 18 (HS): A towering 12-foot golden statue of President Donald Trump clutching a Bitcoin has been unveiled outside the US Capitol, sparking debate over cryptocurrency, monetary policy, and the federal government’s influence in financial markets.
The installation coincided with the Federal Reserve’s decision on Wednesday to cut its key interest rate by a quarter point, reducing it from 4.3% to 4.1%, with projections of two more cuts expected later this year amid growing concerns over the labor market.
Organizers behind the statue said the piece was designed to provoke dialogue about the future of digital currency and the intersection of politics and financial innovation. The striking imagery — Trump cast in gold, holding the cryptocurrency symbol — was widely shared online, with supporters hailing it as a bold symbol of the president’s pro-crypto narrative.
Social media reactions quickly trended, with many praising Trump’s positioning on digital assets while critics questioned the symbolism at a moment of economic uncertainty.
The artwork’s unveiling came against the backdrop of the Fed’s policy shift, as Chair Jerome Powell attempts to balance inflation management with anxieties over slowing job growth. The move follows months of holding steady rates while monitoring the impact of tariffs, immigration policy, and inflationary pressures.
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Hindusthan Samachar / Jun Sarkar
