A golden statue of Donald Trump holding a Bitcoin coin has been installed near the Capitol in Washington, D.C. This initiative comes from a group of memecoin creators, who combine crypto promotion, personality cult, and marketing around the president.
A statue of Trump as a Bitcoin user to promote a memecoin
For about a year now, Donald Trump has been exerting a significant influence on the global economy, particularly in the world of cryptocurrencies.
Although some, including Bitcoin supporters, would prefer to do without his influence, his pro-crypto speeches, his promises to build up a BTC reserve, and his commitment to regulation that promotes innovation in the sector have had an undeniable impact.
In this context, some crypto enthusiasts have gone so far as to idolize the president. This is the case with the creators of the DJTGST memecoin, who erected a 3.6-meter golden statue of Donald Trump holding a Bitcoin in front of the Capitol in Washington, D.C.
Tribute to our savior. pic.twitter.com/I03fRJnmDq
— Donald J. Trump Golden Statue (@djtgst) September 17, 2025
One of the organizers, Hichem Zaghdoudi, told the press that the statue was intended to stimulate debate about the future of government-issued currency. He also told DC News Now:
“It’s a statement, it’s to show everyone that without the president, we would never have seen this massive adoption of Bitcoin, cryptocurrencies, and all these big institutions buying Bitcoin.”
Made of rigid foam to be lightweight, the statue is primarily a marketing ploy to promote a memecoin promoted on the Pump.fun platform.
Pretending to want to spark a debate about the future of currency while promoting a worthless token is laughable. DJTGST’s market capitalization has already lost 95% since the statue was installed last night.
Even the president’s official memecoin, TRUMP, has lost 84% of its value since its launch, a far cry from the monetary revolution that Bitcoin actually makes possible.
Idolatry in crypto: a betrayal of its founding principles
In the world of cryptocurrencies, a strange obsession persists: that of creating public figures to idolize, often to the detriment of the very spirit that gave birth to Bitcoin.
Some “crypto bros” go so far as to construct narratives around personalities they would almost elevate to demigods:
- Craig Wright attempted to proclaim himself Satoshi Nakamoto, without any credible evidence.
- Vitalik Buterin, meanwhile, is perceived by many as a genius who revolutionized finance, even though his technical and political choices are debatable.
- Michael Saylor is presented as a visionary, even though he has distorted the original meaning of Bitcoin by reducing it to a simple reserve asset, denying its monetary use and the value of self-custody.
This culture of idolatry runs counter to the founding ethics of Bitcoin and those that the creators of the DJTGST claim to uphold.
Satoshi Nakamoto remained anonymous and deliberately disappeared precisely to avoid becoming an authority figure. Bitcoin is not based on a leader, but on an idea: to give power back to each individual, without gurus or cults.
