Highlights: A massive golden statue of Trump holding Bitcoin drew attention near the U.S. Capitol. Organisers said the sculpture reflects Trump’s influence on the growing cryptocurrency market. The installation appeared the same day the Federal Reserve cut interest rates slightly. A giant golden statue of former President Donald Trump holding a Bitcoin was revealed outside the US Capitol on Wednesday. The statue was streamed live on Pump.fun, a well-known site for launching meme tokens. The statue, towering at 12 feet, was positioned opposite Union Square on the National Mall in Washington, DC, within walking distance of Capitol Hill and about a mile from the White House. Its central location ensured visibility to visitors and media alike. Tribute to our savior. pic.twitter.com/I03fRJnmDq — Donald J. Trump Golden Statue (@djtgst) September 17, 2025 Golden Trump Statue Honors Crypto Support According to a website tied to the stunt, the display honours Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.” Organisers organized the display, which serves as both a political tribute and a nod to the growing influence of cryptocurrencies. Hichem Zaghdoudi, one of the organisers, told local media, “This is a statement, this is to show everybody that without the president, we could never have had this mass adoption of Bitcoin, of cryptocurrencies, of all these big institutions buying Bitcoin. It shows that’s the future and this is our thank you, our statement, to the president.” Zaghdoudi added that the statue symbolises the view that Trump’s encouragement helped institutional investors enter the Bitcoin market. A livestream showed that artists crafted the sculpture from high-density foam. The lightweight material allowed multiple people to carry it into position. Social media clips showed machines carving Trump’s head and workers lifting the figure into place. The organiser mentioned that the statue stands 12 feet (3.6 meters) tall. He expressed hope that Trump would “walk out there and see it,” not realizing the president was visiting the United Kingdom at the time. Bringing the heat irl #DJTGST pic.twitter.com/KQ0Cwe1kdp — Donald J. Trump Golden Statue (@djtgst) September 15, 2025 Trump’s UK visit included high-profile meetings on tariffs, trade, and AI. Crypto leaders are urging him to support clearer digital asset rules, warning the UK could fall behind the EU, Singapore, and Dubai. Trump-Linked Crypto Moves Gain Attention The timing of the statue coincided with a Federal Reserve decision to cut interest rates by 25 basis points. Lower borrowing costs are often favourable for riskier assets, including cryptocurrencies. Trump has repeatedly pushed Jerome Powell to cut interest rates, often using harsh words toward the Fed Chair. BREAKING: Federal Reserve officially cuts interest rates by 25bps. pic.twitter.com/mDsK4XaPiB — Bitcoin Magazine (@BitcoinMagazine) September 17, 2025 Trump supported cryptocurrencies during his presidential campaign last year. His campaign got strong support from the crypto industry. His family also increased their involvement through World Liberty Financial Inc. World Liberty Financial joined the Digital Freedom Fund PAC, led by the Winklevoss twins. Their goal is to make the US a top cryptocurrency hub. Some critics worry about conflicts of interest with Trump cutting regulations. Crypto fans are excited, hoping for the next big crypto boom. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Highlights: A massive golden statue of Trump holding Bitcoin drew attention near the U.S. Capitol. Organisers said the sculpture reflects Trump’s influence on the growing cryptocurrency market. The installation appeared the same day the Federal Reserve cut interest rates slightly. A giant golden statue of former President Donald Trump holding a Bitcoin was revealed outside the US Capitol on Wednesday. The statue was streamed live on Pump.fun, a well-known site for launching meme tokens. The statue, towering at 12 feet, was positioned opposite Union Square on the National Mall in Washington, DC, within walking distance of Capitol Hill and about a mile from the White House. Its central location ensured visibility to visitors and media alike. Tribute to our savior. pic.twitter.com/I03fRJnmDq — Donald J. Trump Golden Statue (@djtgst) September 17, 2025 Golden Trump Statue Honors Crypto Support According to a website tied to the stunt, the display honours Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.” Organisers organized the display, which serves as both a political tribute and a nod to the growing influence of cryptocurrencies. Hichem Zaghdoudi, one of the organisers, told local media, “This is a statement, this is to show everybody that without the president, we could never have had this mass adoption of Bitcoin, of cryptocurrencies, of all these big institutions buying Bitcoin. It shows that’s the future and this is our thank you, our statement, to the president.” Zaghdoudi added that the statue symbolises the view that Trump’s encouragement helped institutional investors enter the Bitcoin market. A livestream showed that artists crafted the sculpture from high-density foam. The lightweight material allowed multiple people to carry it into position. Social media clips showed machines carving Trump’s head and workers lifting the figure into place. The organiser mentioned that the statue stands 12 feet (3.6 meters) tall. He expressed hope that Trump would “walk out there and see it,” not realizing the president was visiting the United Kingdom at the time. Bringing the heat irl #DJTGST pic.twitter.com/KQ0Cwe1kdp — Donald J. Trump Golden Statue (@djtgst) September 15, 2025 Trump’s UK visit included high-profile meetings on tariffs, trade, and AI. Crypto leaders are urging him to support clearer digital asset rules, warning the UK could fall behind the EU, Singapore, and Dubai. Trump-Linked Crypto Moves Gain Attention The timing of the statue coincided with a Federal Reserve decision to cut interest rates by 25 basis points. Lower borrowing costs are often favourable for riskier assets, including cryptocurrencies. Trump has repeatedly pushed Jerome Powell to cut interest rates, often using harsh words toward the Fed Chair. BREAKING: Federal Reserve officially cuts interest rates by 25bps. pic.twitter.com/mDsK4XaPiB — Bitcoin Magazine (@BitcoinMagazine) September 17, 2025 Trump supported cryptocurrencies during his presidential campaign last year. His campaign got strong support from the crypto industry. His family also increased their involvement through World Liberty Financial Inc. World Liberty Financial joined the Digital Freedom Fund PAC, led by the Winklevoss twins. Their goal is to make the US a top cryptocurrency hub. Some critics worry about conflicts of interest with Trump cutting regulations. Crypto fans are excited, hoping for the next big crypto boom. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.
Golden Trump Bitcoin Statue Unveiled Outside US Capitol Honoring His Crypto Support
2025/09/18 22:42
Highlights:
- A massive golden statue of Trump holding Bitcoin drew attention near the U.S. Capitol.
- Organisers said the sculpture reflects Trump’s influence on the growing cryptocurrency market.
- The installation appeared the same day the Federal Reserve cut interest rates slightly.
A giant golden statue of former President Donald Trump holding a Bitcoin was revealed outside the US Capitol on Wednesday. The statue was streamed live on Pump.fun, a well-known site for launching meme tokens. The statue, towering at 12 feet, was positioned opposite Union Square on the National Mall in Washington, DC, within walking distance of Capitol Hill and about a mile from the White House. Its central location ensured visibility to visitors and media alike.
Golden Trump Statue Honors Crypto Support
According to a website tied to the stunt, the display honours Trump’s “unwavering commitment to advancing the future of finance through Bitcoin and decentralized technologies.” Organisers organized the display, which serves as both a political tribute and a nod to the growing influence of cryptocurrencies.
Hichem Zaghdoudi, one of the organisers, told local media, “This is a statement, this is to show everybody that without the president, we could never have had this mass adoption of Bitcoin, of cryptocurrencies, of all these big institutions buying Bitcoin. It shows that’s the future and this is our thank you, our statement, to the president.” Zaghdoudi added that the statue symbolises the view that Trump’s encouragement helped institutional investors enter the Bitcoin market.
A livestream showed that artists crafted the sculpture from high-density foam. The lightweight material allowed multiple people to carry it into position. Social media clips showed machines carving Trump’s head and workers lifting the figure into place. The organiser mentioned that the statue stands 12 feet (3.6 meters) tall. He expressed hope that Trump would “walk out there and see it,” not realizing the president was visiting the United Kingdom at the time.
Trump’s UK visit included high-profile meetings on tariffs, trade, and AI. Crypto leaders are urging him to support clearer digital asset rules, warning the UK could fall behind the EU, Singapore, and Dubai.
Trump-Linked Crypto Moves Gain Attention
The timing of the statue coincided with a Federal Reserve decision to cut interest rates by 25 basis points. Lower borrowing costs are often favourable for riskier assets, including cryptocurrencies. Trump has repeatedly pushed Jerome Powell to cut interest rates, often using harsh words toward the Fed Chair.
Trump supported cryptocurrencies during his presidential campaign last year. His campaign got strong support from the crypto industry. His family also increased their involvement through World Liberty Financial Inc. World Liberty Financial joined the Digital Freedom Fund PAC, led by the Winklevoss twins. Their goal is to make the US a top cryptocurrency hub. Some critics worry about conflicts of interest with Trump cutting regulations. Crypto fans are excited, hoping for the next big crypto boom.
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Best Crypto Exchange
- Over 90 top cryptos to trade
- Regulated by top-tier entities
- User-friendly trading app
- 30+ million users
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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
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No L2s, No Mass Adoption. Period.
ETH Can’t Do It Alone
ETH mainnet is powerful but let’s be honest, it’s pricey AF. $50 swaps, $100 NFT mints. Perfect for whales flexing, useless for billions of everyday users.
That’s why Layer 2s (L2s) exist. They’re Ethereum’s highways: same security, but faster and dirt cheap. No L2s = crypto stays niche. With them, ETH finally goes global.
Why Ethereum Alone Can’t Scale
2021 gas fees were brutal. People spent rent money on swaps. NFT mints sometimes cost more than the art.
Ethereum nailed security, but it was locked behind insane fees. Rollups solved that by bundling transactions, compressing data, and anchoring it back to Ethereum.
Think of ETH as the courthouse. L2s are the highways around it. Same rules, way more traffic can flow.
Rollups
Two main flavors run the show:
Optimistic Rollups (Arbitrum, Optimism): “Innocent until proven guilty.” Transactions go through unless someone proves fraud. Efficient, but withdrawals to mainnet take ~7 days.
ZK Rollups (zkSync, Starknet, Scroll): “Math doesn’t lie.” Validity is proved upfront with cryptography. Harder tech, but faster and more secure.
Either way → fees drop from $20 to cents. That’s the unlock.
Why L2s Matter for Mass Adoption
Mass adoption = billions of cheap, everyday transactions. That’s impossible on L1, but normal on L2.
DeFi: Swapping $50 shouldn’t cost $20. On L2s, anyone can farm, lend, and trade.
Gaming + NFTs: $5 skins, collectibles, and in-game items actually make sense.
SocialFi: Billions of likes, tips, and posts daily. Reddit already runs Community Points on Arbitrum Nova.
Without L2s, Ethereum is boutique. With them, it becomes global infrastructure.
It’s Already Happening
Arbitrum: The DeFi king. GMX, Radiant, Uniswap all live here. Nova powers gaming + social. The BoLD upgrade decentralizes validation.
Optimism: Playing the meta game. The OP Stack lets anyone spin up an L2. Coinbase’s Base, Zora, Worldcoin all sparks from the same match. Together = the Superchain.
ZK Rollups: zkSync, Starknet, Scroll are still early, but building for instant, trustless scaling.
Then came Dencun (2024). Ethereum introduced blobs, slashing L2 fees by ~95%. Overnight, “cheap” became “basically free.”
The Messy Bits 👀
L2s are the backbone, but they’re not perfect:
Sequencers = Central chokepoints. Today, one operator orders all transactions. Risk of censorship + MEV capture is real. Optimism is testing “shared sequencers.” Espresso + Astria are building neutral ones.
Bridges = Speed vs. trust. Optimistic rollups force a 7 day wait. Fast bridges fix UX but add risk over $2B lost in hacks shows the danger. ZK rollups may cut this, but proofs are still heavy.
Liquidity = Fragmentation risk. Superchain sounds , but liquidity could scatter across 20 OP chains. Imagine Uniswap split across Base, Zora, Optimism. Without cross-chain messaging, composability breaks.
Governance = Growing pains. Arbitrum DAO controls ~$3B, but drama over 750M ARB transfers showed fragility. Optimism’s RetroPGF funds public goods after impact bold but unproven long term.
The Road Ahead
For L2s to truly onboard billions, three things must click:
Decentralized Sequencers → no single chokepoint.
Seamless Interop → bridging feels invisible.
Invisible UX → normies don’t care what chain they’re on.
When that happens, no one says “I bridged to Arbitrum.” They just say: “I sent crypto. It was instant. It was cheap.”
Final Take
Ethereum is the air. Without it, nothing runs.
L2s are the engines. They move the people, the culture, the transactions.
No L2s = crypto stays niche.
With L2s = we onboard billions.
They’re not a side quest. They’re the backbone of Ethereum’s future. Period.
Key Takeaways
Ethereum is secure but too expensive to scale alone.
L2s bundle transactions and slash fees by 95%+.
Arbitrum leads DeFi today, while Optimism builds the Superchain for tomorrow.
ZK rollups are early but promise instant security at scale.
Main challenges: sequencer centralization, bridge risks, liquidity fragmentation, DAO politics.
Long-term success depends on decentralization, interop, and invisible UX.
Bottom line: No L2s, no mass adoption. With them, Ethereum scales to billions.
No L2s, No Mass Adoption. Period. was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story
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