US Monitoring BRICS Digital Currency Push Amid Dollar Decline
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Gold is outperforming the US dollar as countries move towards de-dollarization. The rise of gold prices can be attributed to weak US data and anticipation of potential interest rate cuts by the Federal Reserve. This has sparked a frenzy among the US economic strata, pushing the dollar to take a dip and bolstering gold's price momentum. The Bank of America has warned of a US dollar collapse, citing rising debt rates. Rising debt rates have led analysts to project how Bitcoin could have helped stabilize the US debt rates. Analyst Brian Krassenstien suggests that Bitcoin's rise against the US dollar could indicate a paradigm shift in global currency. Robert Kiyosaki predicts that Bitcoin will reach $300,000 soon. The article highlights the calls for de-dollarization and the use of gold as a d...
#newstr #UsDollar #Brics #DigitalCurrency #Dedollarization #Russia