Bitcoins
Last Updated:
It came on the same day when the Federal Reserve cut its key interest rate by a quarter-point.
Golden statue of Donald Trump (Credits: X)
A 12-foot golden statue of US President Donald Trump was installed outside the US Capitol. The statue depicting Trump holding a Bitcoin coincided with the Federal Reserve’s decision on Wednesday to cut its key interest rate by a quarter point, with projections of two more reductions this year amid growing concerns over the nation’s labour market.
According to some reports, “Organisers said the piece is intended to provoke debate about the future of digital currency, monetary policy, and the federal government’s role in financial markets.”
Bitcoins Recommended Stories
Social Media Reaction
Netizens were quick to react to the statue. Several took to their social media handles to praise the president’s pro-cryptocurrency stance.
???? ¿Ya vieron la nueva estatua de Trump????? Sostiene 1 BTC✨ Está hecha de oro???? Mide 12 pies de altura????️ Está frente al capitolio
¿El mensaje es claro no? ???????????? pic.twitter.com/cjktPfuFpZ
— tododecripto.eth (@tododecripto) September 17, 2025
Federal Reserve Cuts Key Rate By Quarter-point
On Wednesday, the Federal Reserve cut its key interest rate by a quarter-point. It has decreased its short-term rate to about 4.1 per cent, down from 4.3 per cent.
The US Federal Reserve under Chair Jerome Powell did not raise or lower interest rates for a period of time earlier in the year to keep a check on the impact of tariffs (taxes on imports), stricter immigration rules, and other measures that would affect inflation (prices rising) and the overall economy.
Bitcoins About the Author
Anushka Vats is a Sub-Editor at News18.com with a passion for storytelling and a curiosity that extends beyond the newsroom. She covers both national and international news. For more stories, you can follow her…Read More
Anushka Vats is a Sub-Editor at News18.com with a passion for storytelling and a curiosity that extends beyond the newsroom. She covers both national and international news. For more stories, you can follow her…
Read More
Click here to add News18 as your preferred news source on Google. Get breaking news, in-depth analysis, and expert perspectives on everything from geopolitics to diplomacy and global trends. Stay informed with the latest world news only on News18. Download the News18 App to stay updated!
Location :
United States of America (USA)
First Published:
September 18, 2025, 07:51 IST
News world 12-Foot Golden Statue Of Trump Holding Bitcoin Installed Outside US Capitol
Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Read More
News18 Read More