Brics in Bitcoin fever: Does the crypto revolution start in world trade?

Brics in Bitcoin fever: Does the crypto revolution start in world trade?

Russia, Land - The financial world is in turmoil! The leading cryptocurrency Bitcoin could soon play a central role in the BRICS alliance. This alliance, consisting of Brazil, Russia, India, China and South Africa, seems to be ready to strengthen their Bitcoin use in global trade-at least that is what a high-ranking manager from Vaneck claims. With this daring forecast, Bitcoin could enter a new era of worldwide trade activity.

Recently, the DE dollarization strategy of the BRICS overshadows the American influence on the global finance industry. During the recently completed 2024 summit, it was confirmed that no new infrastructures are created to support this project, but this could pave the way for cryptocurrencies such as Bitcoin and give them an even greater importance. Such a dynamic development would further weaken the dominance of the dollar and make Bitcoin more attractive as an alternative currency solution. The BRICS alliance apparently faces a historical turn in the international financial landscape.

Bitcoin: The joker of the Brics?

The Vaneck Director for Digital Values, inspired by the fact that Bitcoin achieved an all-time high of $ 73,000 in the spring, indicated in an interview with CNBC that turbulence could inspire Bitcoin. "Bitcoin is a chameleon," said the executive and referred to the unique property that Bitcoins is limited to 21 million units. This scarcity in conjunction with the current geopolitical situation makes it a possible way out for countries that want to free themselves from the US financial dominance.

The development becomes exciting through new considerations within the BRICs and their growing economic influence. According to Sigel, the alliance now comprises six new members, including Argentina, the United Arab Emirates and Ethiopia who have already started to shoot Bitcoin with government resources. With increasing urgency, the search for paths is being sought to avoid US financial policies. This gives Bitcoin a new meaning as a fund of funds for government purposes in large economic communities.