Golden Trump figure with a Bitcoin appears in DC – what’s the Message?

Add TechGaged as your preferred source on Google

See more TechGaged stories across Google News and Discover.

Add

A large golden statue of U.S. president Donald Trump holding a Bitcoin has been placed in front of the U.S. capital, raising questions about what it could mean.

The statue which has already been removed today 17 September was sponsored by a group of crypto investors with the aim of sparking debate on the future of digital currency, monetary policy, and the federal government’s role in financial markets.

A coincidence?

The statue was placed in front of the capital from 9am to 9pm on a day when the Fed was expected to make a decision on the rates. 

Latest Stories

3 min read • 9 hours ago

Bitcoin Dominance Holds at 59% as Capital Concentrates Rather Than Rotating Into Altcoins

3 min read • 9 hours ago

XRP Is Up 51% This Week — Its Biggest Weekly Gain in 21 Months

3 min read • 10 hours ago

Fed Rate Hike Probability Climbs to 42% — What It Means for Markets

Read all latest stories →

This raises questions on whether this was a pure coincidence or a deliberate act that harnessed the FOMC meeting to initiate the debate.

Hichem Zaghdoudi, a representative of the collective of crypto investors who sponsored the statue said:

“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, we hope this statue prompts reflection on cryptocurrency’s growing influence.”

The members also said the statue was a tribute to president Trump for his vocal support for crypto, which only he has done as the president of the United States.

A win for crypto

Crypto has not been very popular in the U.S. until now, especially not with the government. However, the coming of president Donald Trump changed everything.

Currently, the government openly supports crypto assets and has even passed legislation to support the growth of the industry. 

The fact that such a statue can be placed in front of the official government building means a lot for crypto and could become the reason why many more people will develop confidence in digital assets at this time.