Following the passage of a multi-trillion-dollar tax bill by the US Senate, investor concerns over the US fiscal outlook have intensified, with gold prices continuing to rise, approaching $3,340 per ounce. Although an increase in US job vacancies has exerted some pressure on the market, gold prices remain on an upward trajectory due to persistent dollar weakness.

According to newly released global survey data, 73% of investors aged 24 to 45 consider Bitcoin a better long-term investment option than gold. MLPRU Exchange points out that this data not only reflects the high recognition by younger generation of digital assets but also reveals that Bitcoin is gradually replacing gold and playing a more central role in the global financial system.

Recently, Federal Reserve Chairman Jerome Powell stated in his semiannual monetary policy report to Congress that, provided financial system stability is maintained, banks may provide services to and conduct business with the cryptocurrency industry.