nations, hyperbitcoinization, bitcoin,

Breaking Dollar Hegemony, BRICS Nations Are Leading The World To Hyperbitcoinization

Apr 09, 2023 · 1 min read · 58 points
Breaking Dollar Hegemony, BRICS Nations Are Leading The World To Hyperbitcoinization
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Milan Stanojevic: The emergence of BRICS as an alternative to the U.S. dollar’s global dominance will usher in worldwide bitcoin adoption. He says the global economy will evolve in three phases: from USD

Highlights

  • Milan Stanojevic: The emergence of BRICS as an alternative to the U.S.
  • dollar’s global dominance will usher in worldwide bitcoin adoption.
  • China and Russia are part of a global cadre known as BRICS, which includes Brazil, India and South Africa.
  • The world is undergoing a major paradigm shift, with BRICS at the center, he says.
  • The global economy will evolve in three phases: from USD to gold, Bitcoin becomes a medium of exchange and unit of account for many nations.
  • The rest of the world, particularly in the West, will continue to function as a store of value for most citizens.

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