A towering golden sculpture of President Donald Trump holding Bitcoin has been placed near the US Capitol
The unusual display, measuring about 12 feet in height, was revealed on Wednesday by a group of crypto enthusiasts during a livestream hosted on the Pump.fun platform.
The statue stands on the National Mall, across from Union Square, not far from the White House and Capitol Hill.
Crypto Supporters Frame Trump as a Champion of Bitcoin
The group behind the stunt described the installation as a symbolic gesture of gratitude to Trump. According to their website, the statue was meant to honour his “unwavering commitment” to promoting Bitcoin and decentralized technologies.
One of the organisers, Hichem Zaghdoudi, told local media that the goal was to spark conversation about the future of money.
“This is a statement,” Zaghdoudi said, “to show everyone that without the president, mass adoption of Bitcoin might never have happened.”
He added that the statue reflected the belief that Trump’s encouragement of digital assets had opened doors for institutional investors.
Timing Tied to Federal Reserve Rate Cut
The statue was unveiled the same day the Federal Reserve cut interest rates by 25 basis points. Lower borrowing costs are often seen as positive for riskier assets, including cryptocurrencies, and the organisers highlighted the timing as a symbolic boost for Bitcoin.
Trump’s open embrace of digital currencies has been a cornerstone of his latest presidential run. His campaign has attracted heavy donations from the crypto industry, which views him as an ally against tighter regulation.
However, his family’s financial ties to digital assets while in office have stirred concerns. Critics cite conflicts of interest, especially as the president benefits politically and financially from the industry’s growth.
Bitcoin Bull Run Predates Trump’s Comeback
Not all observers attribute Bitcoin’s rising popularity to Trump. Market analysts note that the cryptocurrency entered a strong bull run in late 2023, long before Trump re-entered the White House.
The launch and approval of spot Bitcoin exchange-traded funds under the Biden administration were key catalysts. These investment products gave major financial institutions regulated access to Bitcoin, fueling its rally.
This context has led some to argue that Trump’s role is overstated, even if his outspoken support has added momentum.
Foam-Built Statue Linked to Pump.fun Memecoin
Beyond the political message, the statue was tied to a marketing effort. The organisers launched a new memecoin named “DJT GOLDEN STATUE,” with the symbol DJTGST on Pump.fun. They aim for the stunt to spark greater interest in their token.
During a livestream, one organiser revealed the statue was made from “high-density foam”. The lightweight material allowed several people to carry it into position.
Video clips posted on social media showed machines carving Trump’s head and others lifting the finished piece into place.
The 12-foot figure depicted Trump in a suit, holding up a golden Bitcoin. Organisers said they hoped the President might see the installation, though he was overseas in the UK at the time.
National Mall Becomes Stage for Trump-Related Statues
The golden Bitcoin statue is at least the third Trump-inspired installation to appear on the National Mall this year. Unlike earlier works, which were critical of him, this one expressed open support.
In June, an eight-foot statue titled “Dictator Approved” was erected. It showed a golden hand flashing a thumbs-up while crushing the crown of the Statue of Liberty, a direct protest against Trump’s controversial military parade held just days earlier.
Later that same month, another installation emerged, a gold television decorated with a bald eagle. The screen displayed a looping video of Trump dancing with Jeffrey Epstein, referencing the administration’s reversal on releasing additional Epstein-related documents.
By contrast, the new golden Bitcoin statue is designed as a gesture of admiration. Its blend of political symbolism and crypto marketing makes it one of the most striking tributes to appear on the Mall so far.
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