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?
I don't think so this will happen, BRICS isn't that big and that United organization that it can create it's own currency. Especially India and China Don't have those sweet relationships as well. Also even if for a second imagine it's true, this will not be because they want to manipulate bitcoin, it'll be because they want to counter the dominance of dollar and Euro in the world. So i don't think this is effecting bitcoin.
So far, there is no information about any new currency for the BRICS countries. Moreover, the very financial bodies of this organization still object even to the planning of issuing a new currency to serve this economic union of states. Therefore, this is still nothing more than talk that has no serious grounds. Judging by the fact that this group of countries does not include the most developed countries, they will not give up some strong influence on the world economy. But everything will depend on the format in which these countries will work and what their goals of cooperation will be.