On September 8, Matrixport released a market outlook stating that since the US Congress approved a $5 trillion increase in the debt ceiling, the US 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 over Fed decisions; he is actively pushing for his preferred candidates to enter the Fed, who may soon hold a majority of the Fed seats. Meanwhile, crypto asset traders are increasingly allocating to tokenized gold, continuously injecting new capital into this asset, reestablishing gold as a viable asset class. Due to the close relationship between gold and Bitcoin, traders will continue to seek other stores of value, especially as confidence in US fiscal discipline remains under pressure.