In August the BRICS nations (Brazil, Russia, India, China and South Africa) are meeting. This trading partnership has at least two items on the agenda – supposedly forty-one countries are looking to join the BRICS league. And Russia appears to be saying that a gold backed currency will be introduced for trading. If this proves true, it could impact the use of the US dollar as a reserve currency in a major way. How does Bitcoin fit into all this? Let’s discuss!!

News and Links

Bitcoin Network To Reduce More Emissions Than Energy Sources Produce

Belarus to ban P2P crypto transactions

How long will the US dollar be the reserve currency?

A partial list of countries applying for membership:

AlgeriaArgentinaBahrainBangladeshBelarusEgyptIndonesiaIranKazakhstanMexicoNicaraguaNigeriaPakistanSaudi ArabiaSenegalSudanSyriaUAEThailandTunisiaTurkeyUruguayVenezuelaZimbabwe Block height at time of recording: 798,058

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