The BRICS countries have revealed that they are “creating an international reserve currency”, according to analysts, intended to challenge the US dollar and the International Monetary Fund’s Special Drawing Rights (SDR) currency. Additionally, Donald Trump warns of a depression in the United States, Rich Dad Poor Dad author Robert Kiyosaki says we’re in for the “biggest bond crash” in over 200 years, and the CEO of FTX, Sam Bankman-Fried, says it’s ready to deploy “hundreds of millions beyond what we have so far” to help digital currency businesses. Buckle up for another week of news Bitcoin.com in review.
Targeting US Dollar Hegemony: Russia, China and BRICS Countries Plan to Create a New International Reserve Currency
As inflation data in Europe and the United States increased significantly last month, Russia and members of the BRICS countries revealed that the leaders of the five major emerging economies are “creating a currency international reserve”. Analysts believe that the BRICS reserve currency is expected to rival the US dollar and the International Monetary Fund (IMF) Special Drawing Rights (SDR) currency.
Donald Trump warns US economy faces ‘much bigger problem than recession’ – ‘We will have a depression’
Former President Donald Trump has warned that the US economy faces “a much bigger problem than the recession”. Noting that “we will have a depression”, he stressed: “we have to get this country started, otherwise we are going to have a serious problem”.
FTX to help Voyager customers, CEO says company ready to deploy ‘hundreds of millions’ to help crypto industry
Founder and CEO of major exchange FTX, Sam Bankman-Fried, offered to quickly give liquidity to Voyager Digital customers, according to an FTX announcement posted on July 22. Additionally, Bankman-Fried discussed the crypto industry with CNBC in an exclusive. interview, and noted that he was ready to deploy “hundreds of millions beyond what we have so far” to help digital currency companies affected by the crypto market downturn.
Robert Kiyosaki Warns of ‘Biggest Bond Crash Since 1788’ – Waiting to Buy Bitcoin at Lower Price
The famous author of the bestselling book Rich Dad Poor Dad, Robert Kiyosaki, has warned of the “biggest bond crash since 1788”. He pointed out that the “real problem” is in the bond market, which is “40 times bigger” than the stock market. He is waiting for the bitcoin price to drop further to buy some.
Do you think the BRICS countries will succeed in creating a new international reserve currency? If so, will it challenge the dominance of the US dollar? Be sure to let us know in the comments section below.
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