https://www.nytimes.com/2023/08/24/world/europe/brics-expansion-xi-lula.html
https://www.independent.co.uk/news/world/africa/brics-2023-summit-new-members-saudi-uae-iran-b2398553.html
https://www.reuters.com/world/brics-expansion-hopefuls-seek-rebalance-world-order-2023-08-21/

Today, at the start of the closing day of the BRICS meeting, the President of South Africa announced an important decision regarding the BRICS acceptance of the invitation of six countries to become new members of the BRICS group. These countries are Egypt, Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and Argentina. He also announced a consensus regarding the first stage of expanding BRICS, so that the membership of new members begins on January 1, 2024, while stressing that the doors of membership will remain open to other countries in the future, such as Algeria and Indonesia, which are not yet ready to join.
With the accession of these countries, the BRICS bloc now includes 46% of the world's population (almost half), with a gross domestic product of more than the quarter of the global GDP, which will make it a new engine for the global economy.

Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order, especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?

Hey fellow Satoshi followers,

I've been reflecting on Bitcoin's journey and despite our dreams, mass adoption hasn't happened (yet), and I'd love to get your feedback on this matter. Here's what I've observed, using El Salvador as an example, but I might be missing something, so I'd love some feedback.

1. Complexity
Bitcoin is complex; I think most of us will agree on that. Complexity has been reduced with new standards and protocols, a magical threshold of simplicity is unlikely without trusting a third party.
2. Advantage-seeking players - Are They Holding Us Back?
Some players might seem like they're supporting Bitcoin but might actually be slowing things down. Thay act as Bitcoiners but they don't have incentives for other players to come. Example: If I am a salvadorean that make money by recieving and offering service in BTC to tourist, should I keep the business to me or do I share my good luck to others?  I'm not blaming them; they have the right to act that way. But should we, as a community, try to promote more others new and small player to join the party?
3. What's Going on in El Salvador?
Having spoken to many people, and from my intuition:

• Bitcoin Circles: There's this illusion of adoption, but it's often confined to small circles. Bitcoin tourist being guide with same people who take them to the same places. There is no incentive for this local community to open.
• Merchant Compliance: Many merchants don't accept Bitcoin mainly out of ignorance or lack of economic incentive. They are not feeling the lost and the presure (yet)
• People use Dolar instead of Pesos, Bolivares or Lebanese Pound. That's why people can't value the big present they've been given (Obviously any goberment with a currency they can manipulate would't be so willing to make Bitcoin legal tender)

4. What Can We All Do?

• Incentivize Adoption in El Salvador and other local places: If a place doesn't accept Bitcoin, walk away and do not touch your FIAT. If you dealt with an employee , make sure the owner finally knows about the loose. Tourist are not numerous enought to put a pressure here, let's onboard salvadoreans in this.
• Educate and Engage: Let's  step out of the comfort zone and educate, give, and promote the entry of new local actors.
• Circular economy: It's great to embrace the HODL philosophy, but I believe a portion of our BTC should be used exclusively for consumption. Again, economic incentives drive adoption.

I know these are obvious points, and there's no magical solution, but it seems to be forgotten, and an attitude of "they will come when they have no other choice" or "just HODL and wait" prevails. This is not true. The future is not set in stone, and the collective result of all our individual actions will significantly determine Bitcoin's fate. If Bitcoin dies, we will lose the greatest hope for change we've had in centuries.

If you think Bitcoin is perfect, immortal, inevitable, etc., and that you can just HODL and wait, it's respectable that you do so, but it's not a thought that benefits the system, and I don't believe it should be reinforced or applauded.

Any thoughts?

Cheers

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?

It must be clearly understood that it was Russia that attacked Ukraine, and Ukraine is only defending itself. In order to make Russia less able to continue attacking the territory of Ukraine and bombing it every day and shelling peaceful cities with cruise and ballistic missiles, sanctions were imposed both on oil and gas, since they brought Russia the most profit, and on goods that can be raw materials for the military-industrial complex. Therefore, in order for the war to end quickly, it is necessary to inflict a military defeat on the aggressor country, that is, Russia, and for this Ukraine needs even more help with weapons.

The cessation of the supply of weapons to Ukraine will lead to the fact that Ukraine will be conquered and cease to exist as a state, and the people of Ukraine will be killed and tortured to a large extent by the occupiers, and some will be forcibly resettled across the territory of Russia.

But you don't seem to care about tens and hundreds of thousandas of Ukrainians killed, the main thing for you is to have cheap and bloody Russian gas.

In a recent CNBC interview, U.S. Congressman Brad Sherman openly expressed his hope for the end of cryptocurrencies, a stance that will ruffle the feathers of crypto enthusiasts.  "I hope so, don't think so," was Sherman's succinct response when asked if the ongoing crackdown signaled the end of cryptocurrencies in America. His caustic comment follows recent regulatory actions taken by the SEC against major cryptocurrency exchanges, Binance and Coinbase. The Congressman, who is well-known for his anti-crypto stance, took issue with the idea that cryptocurrencies could benefit the economy or consumers, stating that their primary use was to evade the U.S. government and sanctions.

Read more on
U.Today https://u.today/is-this-the-end-of-crypto-this-us-congressman-hopes-so

https://news.bitcoin.com/saudi-arabia-and-opec-reveal-surprise-oil-production-cut-white-house-insists-cuts-arent-advisable-right-now/

On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC members as a “precautionary measure” to stabilize the oil market.

White House response
https://www.bloomberg.com/news/articles/2023-04-02/opec-output-cuts-aren-t-advisable-right-now-white-house-says#xj4y7vzkg

___
Are the US authorities no longer in control of the world situation?

please explain me why bitcoin will make another all time high
or explain some circumstances in that bitcoin's price  will go more low and never or after long times later comes up

Are we now on crypto bull run or this yet to be go down futher more down than 15500?

Are we now on crypto bull run or this yet to be go down futher more down than 15500?
[/quote

Way too much FUD right now for not being a temporary bottom at least...