Mysterious Trump statue in front of the White House! Bitcoin detail draws attention

A Trump statue placed in front of the Capitol Building on the White House grounds in the US has sparked curiosity. The story behind it has now emerged. Here are the details…

A remarkable event occurred in Washington. An approximately 3.65-meter-tall golden Donald Trump statue, holding a Bitcoin, was placed in front of the US Congress. According to ABC News, it was noteworthy that the statue was positioned in the area after the US Federal Reserve (Fed) announced its interest rate decision on Wednesday.

FINANCED BY CRYPTO INVESTORS

While the statue was displayed in the area until late hours, it was revealed to have been financed by a group of crypto investors. The organizers explained the purpose of the work, stating, “The statue was designed to start a discussion about the future of government-issued currencies and the intersection of modern politics with financial innovation.”

A FIRST SINCE 2024

The Fed announced its critical interest rate decision at 2:00 PM on the same day. The main interest rate was cut by a quarter point to 4.1 percent. This was the first rate cut since December 2024. Last year, the central bank had cut rates three times due to slowing job growth and unemployment concerns. The central bank also announced that it plans two more rate cuts within the year.

‘SHOULD MAKE US THINK ABOUT THE GROWING INFLUENCE OF CRYPTOCURRENCIES’

The crypto investors who financed the statue aim for this temporary work to raise awareness about the rising influence of digital currencies and their impact on monetary policy. Hichem Zaghdoudi, a representative of the collective, said, “As the Fed shapes economic policy, we hope this statue encourages reflection on the growing influence of cryptocurrencies.”

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