BRICS have other ideas and they dominate global trade in commodities and manufactured goods where MoE is the primary objective. They are developing a currency called The Unit which is backed 40% by gold with the other 60% a basket of Chinese, Russian, South African, Brazil and Indian currencies. This may be part of the reason for the rally in gold prices currently underway.
The real contest is between BRICS and the US.
Bitcoin is an minor player in terms of liquidity and probability although it is an interesting and significant asymmetric player.
BRICS have other ideas and they dominate global trade in commodities and manufactured goods where MoE is the primary objective.
They are developing a currency called The Unit which is backed 40% by gold with the other 60% a basket of Chinese, Russian, South African, Brazil and Indian currencies.
This may be part of the reason for the rally in gold prices currently underway.
The real contest is between BRICS and the US.
Bitcoin is an minor player in terms of liquidity and probability although it is an interesting and significant asymmetric player.