Analysis on #BRICS and what it means to #BTC
as some of you know I started recently on #NOSTR to share my analysis and thoughts on some topics. I'm providing this on NOSTR only and don't share this on other platforms. If you find his usefull please share this post and help me to reach out in NOSTR. I would be really gratefull.
and now to the BRICS
We wore all excited about the rumours before the BRICS event. People like Markus Krall or Samson Mow posted like hell that there will be a gold backed Currency anounced at the event. Reality showed us, it was not.
So time for an analysis of what this all means. After all rumours some of the people might be disapointed not hearing about the end of the #FED and turn away from this topic. But i personally am even more interested in what is coming out now. The anouncement to enlarge the group from five to eleven member is just ”wow, how did they?”
Imo the main factor in here will be the supply of raw materials. The strategy is so simple but powerfull. The BRICS are just making sure that the majority of raw materials and energy will be traded outside of the dollar one day. And that's it. That's simply enough to change the world order to a multi polar one. The main point is that they ocupy the streams of hard assets towards their own currencies. I have already described the Chinese strategy here on NOSTR to use their gold exchange to convince companies of skipping the dollar. And this is what already happens.
so what happens next? What we will see is a lot of baby steps or water drops in trading relations. Just another single news of trade contracts that will be closed outside the dollar streams. And of course a FED that will more and more loose their influence in the world through their #IMF.
what does this mean for #Bitcoin? I woulx say, not that much for now. Just standing on the sideline watching the big boys play their game and dreaming of the time when the little BTC has grown up.
Remember. To cover the size of (just) the physical gold market we need a BTC price of at least 480.000 US$. And this one can not be considered large compared to the dollar supply. Meaning Bitcoin price is still far to low to be considered as a player in this game.
so for now let us see where the journey goes to and watch the dollaf slowly loosing it's foundation. Maybe at some points things will go fast. But not yet.