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Matrixport: Trump Influence or Reshaping the Fed, Crypto Funds Pour into Tokenized Gold Field
BlockBeats News, September 8th, Matrixport released a market insight stating that since the U.S. Congress approved a $5 trillion debt ceiling increase, the U.S. has issued $1.2 trillion in new debt—this being one of the key factors driving the rise in gold prices. Another factor is Trump's increasing influence on Federal Reserve decisions, as he is actively pushing for his preferred candidates to join the Federal Reserve, who may soon hold a majority of the seats.
At the same time, cryptocurrency traders are increasingly allocating to tokenized gold, continuously injecting new capital into this asset, reaffirming gold's position as a viable asset class. Due to the close relationship between gold and Bitcoin, traders will continue to seek alternative store of value assets, especially as confidence in U.S. fiscal discipline remains under pressure.
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