Matrixport: Trump's influence may reshape the Fed, as encryption funds flood into the tokenization of gold.

According to BlockBeats news, on September 8, Matrixport released a market perspective stating that since the U.S. Congress approved the $5 trillion increase in the debt ceiling, the U.S. has issued $1.2 trillion in new debt — one of the key factors driving the rise of gold. Another factor is Trump's increasing influence on Fed decision-making, as he is actively promoting his preferred candidates to enter the Fed, who may soon hold a majority of seats there. Meanwhile, cryptocurrency traders are increasingly allocating tokenized gold, continuously injecting new capital into this asset, reaffirming gold's status as a viable asset class. Given the close relationship between gold and Bitcoin, traders will continue to seek other stores of value, especially amid ongoing pressures on confidence in U.S. fiscal discipline.