Couple of hours ago there is in news on Twitter saying BRICS countries (Brazil, Russia, India, China, South Africa) are developing a new currency. It was mentioned by State Duma Deputy Chairmen btw.
As I can see all these things to manipulate BTC right? What are your thoughts about this?
In my opinion I think there will nothing to do with brick to manipulate bitcoin. Like others saying I also think that to stabilise Brick as a new currency for get out of the dominance from the US dollar. As China is coming in with big countries like Russia, I think it can create a strong position against the US dollar in the global market. Of course, it is assumed that Europe will not take it well, it remains to be seen how the medialist takes it. I think this initiative step can play a big role in getting rid of the monopoly of dollar, maybe it will take time to be fully effective but I am optimistic.