Information appeared on X that on September 17 a 12-foot (3.6 m) figure of U.S. President Donald Trump holding a Bitcoin was placed on the National Mall leading to Capitol Hill. The statue was installed opposite Union Square, about one kilometer from the White House.
According to the project’s website, the statue symbolizes “the president’s unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.”
Organizer Hichem Zaghdoudi told ABC 7News DC that the project’s goal is to spark discussion about the future of state currencies. In his view, the statue represents the intersection of modern politics and financial innovation.
In comments to DC News Now, he stressed that without Trump’s support there would not have been mass Bitcoin adoption and institutional interest.
“This is our thank you to the president,” he explained.
Bitcoin’s rise began back in late 2023 amid expectations of approval and launch of spot BTC ETFs under the previous administration, which made the asset more accessible to institutional investors.
According to the organizers, the statue was made from dense foam to simplify transportation. Footage published on X showed the process of creating the head with a machine and moving the finished figure by a group of people.
At the same time, participants launched the memecoin DJTGST and hosted live broadcasts on Pump.fun dedicated to the token. Several of them were streamed live to draw attention to the coin.
One of the organizers expressed hope during a stream that Trump would personally see the installed sculpture, although at that time the president was on a visit to the United Kingdom.
The presentation of the statue coincided with the Federal Reserve’s decision to cut rates by 25 basis points to 4,25%. Such measures traditionally support risk assets, including cryptocurrencies, as they reduce borrowing costs.
Stolen Nakamoto Statue Found In Switzerland
Earlier in Lugano, Switzerland, the statue of Bitcoin creator Satoshi Nakamoto that had been stolen from a city park and thrown into a lake was discovered. Municipal workers pulled the damaged art object out of the water.
According to Satoshi Gallery, the structure was only partially preserved: the feet remained attached to the base, while the rest was broken into several fragments. Preliminary reports suggest it was an act of vandalism rather than an attempt to resell the statue.
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