- Daily Bitcoin News
- Posts
- 🟩 Rise of BRICS and Hyperbitcoinisation
🟩 Rise of BRICS and Hyperbitcoinisation
The rise of the BRICS could lead to a hyperbitcoinized world.
Happy Sunday, Bitcoiners and a Happy Easter!
It's The Bitcoin Dispatch, here with your daily dose of Bitcoin news! We'll cram everything you need to know about Bitcoin for the day into one 2-minute orange pill, so buckle up and let's go!
And you know we can't forget the best part - Memes and the Tweet of the day!
Rise of BRICS and Hyperbitcoinisation
The BRICS (Brazil, Russia, India, China, and South Africa) were established in 2009 to counterbalance the U.S. global hegemony.
Recently, Brazil and China agreed to settle bilateral trade in their own currencies, which threatens the U.S. Dollar. Saudi Arabia also wants to join the BRICS and will not be trading oil in the petrodollar. The BRICS nations also plan to introduce their own currency, possibly backed by gold and other commodities. This poses a significant threat to the U.S. hegemony as the BRICS contribute over 31% of the global GDP.
The world is changing, with banks failing and countries moving away from using the U.S. dollar as the reserve currency. The rise of the BRICS could lead to a hyperbitcoinized world. This means that Bitcoin would become a major player in the global economy, replacing traditional currencies.
Hyperbitcoinisation could happen sooner than most people realise.
As they say, gradually, then suddenly.
I hope you are prepared for what’s about to come.
Tweet of the Day:
My tweets auto-delete after some number of months, so there is no search history.
Lightning is great and something we’ll integrate.
— Brian Armstrong 🛡️ (@brian_armstrong)
8:09 PM • Apr 8, 2023
Meme of the Day:
That's a wrap for today. Until next time.
If you like this, Please reply to this to this email. Apparently, it helps with email deliverability.