A striking 12-foot gold-colored statue of Donald Trump clutching a Bitcoin token appeared outside the U.S. Capitol on Wednesday, September 17. Local residents in Washington, D.C., reported seeing the installation along 3rd Street, directly across from the seat of the U.S. legislature.
The statue, funded by a collective of crypto investors, was designed to spark conversation about the intersection of politics, finance, and cryptocurrency. According to organizers, the temporary display appeared from 9 AM to 4 PM and celebrated the Federal Reserve’s recent interest rate cuts and their anticipated positive impact on Bitcoin prices.
The 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, this statue prompts reflection on cryptocurrency’s growing influence.
Trump’s influence on monetary policy
Donald Trump has frequently pressured Federal Reserve Chair Jerome Powell to reduce interest rates, arguing that lower rates would stimulate economic activity, boost growth, and increase asset prices. Powell has resisted these pressures, maintaining the Fed’s independence despite the President’s outspoken criticisms.
Interest rates play a crucial role in financial markets. Lower rates reduce yields on traditional investments like bonds and make riskier assets, such as cryptocurrencies, more attractive. Reduced borrowing costs also encourage leveraged trading strategies, increasing demand for high-risk digital assets like Bitcoin.