Quote from: lizarder on Today at 02:36:11 AM

Quote from: I_RodimusPrime on March 31, 2023, 05:25:20 AM

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.

Only two of the most powerful countries of the world joined the BRICS. Both excel in various sectors, such as China which dominates the economic and technological sectors and Russia too. But for some other countries they are not so strong in terms of the economic sector or other sectors, so that the influence of China and Russia may be more dominant. The goal of developing a new currency is definitely to break the domination of the dollar and the two influential countries that I mentioned above have the desire to rule the world.

You should not underestimate India, although they are not comparable to Russia and China economically and technologically. But they have the second largest population in the world and will soon surpass China, so they also play an important role in product consumption as well as an abundant labor force. It can be said that the future of BRICS is quite bright if they do not disagree internally on any issues.

Quote from: lizarder on Today at 02:36:11 AM

Quote from: I_RodimusPrime on March 31, 2023, 05:25:20 AM

As I can see all these things to manipulate BTC right? What are your thoughts about this?

How to understand your point about manipulating BTC? The countries that joined the BRICS are trying to make their own impact in terms of growing dollar dominance, but I doubt they will be able to break dollar dominance any time soon.

Breaking USD dominance is not easy as it has maintained that position for the past 100 years, but not impossible. Nothing lasts forever, the fact that many countries have eliminated the dollar in international trade in recent years is showing that the dollar is gradually losing its position.