Donald Trump’s 12-Foot Golden Statue Holding Bitcoin Unveiled, Symbolizing Support For Cryptocurrency And Digital Economy

Donald Trump Golden Statue: A 12-foot-tall statue of US President Donald Trump has been installed outside the US Capitol. Trump is seen holding a Bitcoin. The statue has sparked a heated debate. Cryptocurrency investors funded the statue. Organizers say they want to spark a discussion about digital currency, monetary policy, and the role of government in financial markets. Photos of the statue are being shared widely on social media, with people sharing their thoughts.

Federal Reserve cuts interest rates

People in America are divided. Many are praising Trump's stance on cryptocurrency, while others are opposing it. However, there are also those who consider it unnecessary and ostentatious. The statue's unveiling comes at a time when the Federal Reserve has announced a 25-basis-point cut in interest rates, the first since December 2024. This will reduce short-term interest rates from 4.3 percent to 4.1 percent. The Federal Reserve has planned two more rate cuts this year, but only one in 2026. This news has caused disappointment on Wall Street, as investors were expecting more cuts.

Trump and the Federal Reserve tension

Tensions between President Donald Trump and the Federal Reserve are nothing new. Trump has long criticized Federal Reserve Chairman Jerome Powell and his policies. All eyes are on Trump's reaction to this rate cut. Some experts believe Trump may call this rate cut insufficient, as he has previously pressured the Federal Reserve for a more lenient monetary policy. The timing of Trump's statue and the interest rate cut reflects the growing influence of cryptocurrencies.

Trump Backs Cryptocurrency Global Spotlight

Bitcoin and other digital currencies have attracted investor attention in recent years. Trump has repeatedly expressed support for cryptocurrencies, which his supporters consider a major step towards a digital economy. The statue's organizers say it not only reflects Trump's contributions but also demonstrates that cryptocurrencies have become a key issue in global financial discussions. It will be interesting to see how influential digital currencies ultimately become in the future