$30,000,000 of $ROSE is no joke.
This is a serious entity that clearly has massive belief in it, they are investing knowing it's going higher.
Could it be @Grayscale?
> They know an ETF is coming for #Bitcoin
> They probably know an #Ethereum ETF is coming (they were the first to apply)
> They applied for a "Privacy ETF" which will have relatively liquid privacy projects of atleast $250m (sound familiar?)
> We know grayscale are avid users of @coinbase - normal users would be buying on @binance for better liquidity.
Would be hard to argue against this.
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~ 𝐁.𝐑.𝐈.𝐂.𝐒. 𝐏𝐚𝐭𝐡 𝐭𝐨 𝐃𝐞-𝐃𝐨𝐥𝐥𝐚𝐫𝐢𝐳𝐚𝐭𝐢𝐨𝐧 ~
Dear fam.
Today, I will deep dive into an often overlooked yet crucial subject that will have an impact on our economy and, over time, on the world of cryptocurrencies as well.
First up, bookmark this article if you want to read it in a secondary moment.
As you know, the Dollar has a strong power in the global financial ecosystem.
For centuries, it has solidified its dominant position, influencing the majority of global developments.
In the latest period, however, you probably heard about the word “𝐃𝐞-𝐃𝐨𝐥𝐥𝐚𝐫𝐢𝐳𝐚𝐭𝐢𝐨𝐧”.
This isn't a brand-new concept, but something already mentioned in 1965 by the French president Charles De Gaulle, which was soliciting to return to the gold standard.
𝐒𝐨 𝐰𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐢𝐬 “𝐁.𝐑.𝐈.𝐂.𝐒.” 𝐭𝐡𝐢𝐧𝐠?
BRICS is a grouping of the world economies of Brazil, Russia, India, China, and South Africa.
According to Goldman Sachs, these countries will dominate the world economy, and the old G7 nations will be just a distant memory.
Take note that the sum of the countries participating in the B.R.I.C.S. represent
𝟒𝟎% of the world's population and no one of these countries is a member of the G7.
The B.R.I.C.S.'s main goal is to break the dollar’s hegemony.
How to?
Introduce a gold-backed BRICS currency for transactions among BRICS nations, encompassing commodities like oil, computer chips, minerals, and regulating these transactions using a reserve currency.
This will reduce the hegemony of the dollar and benefit the countries creating a financial surplus.
At the current moment, countries like Russia and Brazil, need the dollar for their imports but they will focus on expanding local currencies between BRICS members.
Argentina for example, is already proceeding.
As they're strapped for dollars, they're exchanging their transactions for the Chinese Yuan and repaying part of the public debt in Yuan for the first time ever.
But what will happen if many other countries will apply to the BRICS?
The dollar will suffer more.
In fact, the BRICS’s GDP represents more than 𝟑𝟏% of global GDP already surpassing the American’s GDP.
Another key point regards artificial intelligence.
China has declared that wants to acquire A.I. global leadership in just 7 years and by 2030 more specifically, supported by the whole BRICS block.
“𝑂𝑘 𝑚𝑎𝑡𝑒, 𝑏𝑢𝑡 𝑤ℎ𝑎𝑡 𝐴.𝐼. ℎ𝑎𝑠 𝑡𝑜 𝑑𝑜 𝑤𝑖𝑡ℎ 𝑡ℎ𝑒 𝑑𝑜𝑙𝑙𝑎𝑟?”
This will compromise the supremacy role that the United States always had regarding technology, causing potentially huge damage.
Just think about Apple and the influence that this brand has on the whole world.
During 2022, Apple’s annual revenue has been 394,3 billion dollars.
If China starts to replace this technological supremacy, the American GDP will take a devastating hit.
Despite the fragmented geopolitical context such as:
•Russia/Ukraine war
•China's real estate bubble
•China’s bank's liquidity crisis
•China’s demography crisis
The path to bringing down the throne of the dollar is started.
Mainstream media will create clickbait headlines inducing concerns about an impending dollar collapse.
However, it's important to note that this is not a rapid process akin to flicking an on/off switch.
It will take a lot of time, probably 2/3 decades to happen.
𝐀𝐧𝐝 𝐰𝐡𝐚𝐭 𝐚𝐛𝐨𝐮𝐭 𝐨𝐮𝐫 𝐝𝐞𝐚𝐫 𝐁𝐢𝐭𝐜𝐨𝐢𝐧?
We can suppose/speculate that given its neutrality and resilience,
It will likely flank Gold offering a different solution as it comes from the free market.
Gold standard/BTC standard.
It's prudent to closely observe global developments to seize potential investment opportunities that may arise.
If you've found value in my analysis consider retweeting this post to show your support for my work.
This marks my debut into traditional economic analysis, and your support would mean a lot.
Thank you once again for taking the time to read it.
Zero.
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