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?
The news is true.
But all the plans that will be carried out by the BRICS are related to the creation of a new currency that will be issued by these countries. It all has nothing to do with the world of crypto (bitcoin) and there will be no impact whatsoever on bitcoin or other crypto. Because, all the plans for making the new currency are clear. That these countries wanted to get out of the zone of using the dollar, or to be more precise, they did not want to continue to use the dollar as a tool for bilateral transactions and therefore it was decided to create a new currency to replace it.
So it's clear, all the news about the BRICS and its new currency has nothing to do with bitcoin or crypto. Due to the new money creation news associated with the BRICS member countries, it is absolutely all about dedollarization and not to manipulate the world of cryptocurrencies like bitcoin.
And if you want to read deeper news about this, you can try visiting this news site.
Source: https://www.cnbcindonesia.com/news/20230711093901-4-453122/dedolarisasi-panas-tergulung-form-mata-uang-baru-brics/amp