Why though? This thesis is silly. You have both rare and precious materials AND industrial materials that literally will be stores of value.
Makes zero sense, and no he's not a genius, he's a convicted fraudster.
Like I said before, let the Americans buy all the Bitcoin, they can play among themselves. As it stands, their corporates and a large chunk of their population hold BTC. Outside of the USA it is much less desirable.
So as Bitcoin becomes less global, less accessable, demand drops globally, then what? You're left holding a bag of digital currency and no real asset class.
Literally zero intention of BRICS nations to hold this vs Gold. In fact the complete opposite of it.
Currency will always be currency. Gold back currency will be sought after more than digital currency, simply because of its tangible use case.
