Tokenized gold assets like Tether Gold and Pax Gold have experienced significant market cap growth due to rising gold prices and geopolitical tensions. Tether Gold's market cap increased by 62% to $3.7 billion, while Pax Gold grew 48% to $2.4 billion this year. Meanwhile, Bitcoin has lost all gains achieved since President Trump's 2024 re-election, highlighting a shift toward gold-based digital assets amid uncertainty.

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