• President Vladimir Putin of Russia has predicted a further decline for the US Dollar.
• The BRICS is a pack of five emerging economies Brazil, Russia, India, China, and South Africa have been focusing on reducing dependence on the dollar and coming up with alternatives.
• Bitcoin (BTC) is one of the options being considered as an alternative to the US Dollar.

Putin Predicts US Dollar Decline

President Vladimir Putin of Russia has predicted a further decline for the US Dollar. This has been due to nations trying to reduce their reliance on this currency and other blocs such as BRICS Group – Brazil, Russia, India, China and South Africa – looking for alternatives.

BRICS Pushing for Alternatives to US Dollar

The BRICS member states are working on proposing different alternatives to the dollar for global trades and it looks like Bitcoin (BTC) may be top on that list. There is also the option of a gold-backed currency which Robert Kiyosaki believes could be used by BRICS as a weapon against the U.S. Dollar’s hegemony. Already some countries in this bloc have begun conducting international trades using their own currencies such as Chinese Yuan being used to pay for commodities imported from Russia.

Digital Assets Growing in Popularity

Digital asset payments have seen remarkable growth with many nations wanting to take advantage of digitization trends happening all over the world. Some governments and central banks have implemented their Central Bank Digital Currency (CBDC), although not many have succeeded in this area yet. Others have adopted protocols such as Ripple’s XRP which facilitates cross-border settlements more easily.

Bitcoin Suggested as Alternative

Bitcoin (BTC) is still being looked at closely as an alternative currency that could replace or supplement USD globally down the line when its dominance comes into question again by more than just BRICS countries.. While it remains under consideration there are predictions that it can gain traction if nations continue reducing dependence on USD-based transactions internationally.


Overall we can see that digital assets are becoming increasingly popular worldwide as governments look towards digitizing their economy and international trade reduces reliance on UISD-based transactions in favour of alternatives such as Bitcoin (BTC). Whether or not these new currencies will become successful remains to be seen but they represent an interesting shift away from traditional methods of payment we are accustomed too today.

Schreibe einen Kommentar

Deine E-Mail-Adresse wird nicht veröffentlicht. Erforderliche Felder sind mit * markiert