There’s going to be a fierce battle for that new world order we’ve been hearing about for a while now. On one side, we’ve had America, seemingly poised to shape this order, pushed into the masses’ heads by the likes of the Bush family, Obama, and others for decades.
But on the other side, there's the BRICS alliance aiming for the same. Russia and China have always been US rivals, but they’re forced to be allies—they don’t act out of friendship. It’s obvious.
For years, I’ve been constantly pointing out that these countries are working to reduce the US dollar's dominance in the world. Their efforts shouldn’t be ignored.
In what is a massive moment for the economic alliance, BRICS Pay has officially been unveiled. At the BRICS Business Forum taking place in Moscow, participants received brand new cards for the long-awaited payment system. The cards are the first official debut of the landmark project.
Russian State Media originally reported the demo cards contain 500 rubles that can be used for payment throughout three locations at the World Trade. Moreover, participants will be able to spend the funds throughout the Thursday and Friday events.
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For someone like me, who's been in crypto for over seven years and uses it for daily payments, what BRICS has achieved with these cards is child's play. Binance, Crypto.com, and even Gate.io are way ahead with their crypto cards.
Mass adoption of blockchain is happening, but not at the pace we’d hoped. If we look back five or six years, we expected more progress by now, but that’s not necessarily a bad thing.
I’ve noticed, especially on Twitter, that a lot of people in crypto are always waiting for influencers to tell them what's next—the next big thing, when to buy or sell. Seriously, if you’ve been here for a few years, isn’t it time to make your own decisions?
I follow a bunch of people on Twitter and some of their takes are legit, but I’m not basing my investment strategies on their tweets. At the end of the day, it's my money on the line, and I have to stick to my strategy.
I’ve gone all in and put nearly all my money into this “magic internet money.” It’s my responsibility to protect and grow that. Some people can afford to lose millions or time the top, but I'm not in that position.
If I mess up this bull market, I'm out for good. You won’t hear from me again. That’s why I didn’t follow the herd and bought when everyone else was panicking, and started selling small positions when normies were primed to get wrecked by their own greed.
Whatever’s left of this bull market is going to be epic. Whether we peak this year or next, it doesn’t matter. What matters is how we handle it. Keep an eye on the macro landscape and global financial system. A bear market will follow, but the industry has just entered mass adoption.
That’s it from me for now. I wish you all a great Friday, and see you next time.
Thanks for your attention,
Adrian
World in turmoil, hope people sit up, pay attention to the massive change happening currently.
I would not place all my eggs in one basket it is too risky!
Diversification is always key.
BRICs wins easily in the long run. The US debt is so high eventually we will default on loans and the Dollar will collapse.
I doubt that. There's an infinite amount of dollars in the treasury. However its strength will weaken.
There's no dollars in the treasury. Only debt.
USD vs BRICS will be interesting to watch in the short-term, but will decentralized cryptocurrencies replace digital government money long-term? That will be the biggest battle imo.
And yes, UBI is coming. That's why the govt gave out the covid assistance money, and migrants are being given everything for free. I don't think the people realize yet the level of control the govt will have.
Word. The majority is so asleep.