With Trump back in the presidency, the billionaire community is expected to make significant moves in the cryptocurrency market. Here are some key predictions:
– Chinese Billionaires’ Investment Shift: Billionaires from China and political opponents to the Chinese government may likely invest 35% of their cash in cryptocurrencies, particularly Bitcoin (BTC), to avoid losses due to sanctions and political accusations from the Chinese government.
– Post-Sanctions Russian Billionaires’ Investment Shift: Russian billionaires who had their money frozen in foreign banks may invest 25% of their funds in top cryptocurrencies like BTC, Solana, Binance, Ethereum, and XRP once sanctions are lifted to avoid losses or sanctions in the future due to their high profile as Russian oligarchs.
– BTC as Universal Money: The US government’s significant BTC holdings, acquired through fraud seizures, will contribute to its global adoption, making BTC a valuable asset due to its limited supply and energy requirements.
Germany $Billion Mistake
Germany’s decision to sell 50,000 BTC at a lower price, resulting in a $1.5 billion loss, serves as a cautionary tale about underestimating Bitcoin’s potential. This strategic mistake highlights BTC’s value as a “strategic reserve currency” ¹. The loss will likely serve as a global wake-up call, emphasizing the importance of considering cryptocurrencies’ long-term potential.
Bitcoin’s value has steadily increased over the years, with experts predicting it could reach $1,000,000 or more ¹. Its decentralized nature and limited supply drive its value and growth potential.
Germany’s loss underscores Bitcoin’s remarkable growth, from trading at $0.08 per coin in July 2010 to its current market value ¹. This serves as a reminder of the significance of Bitcoin’s price history and the impact of early adoption.
Post-Election Market Trends
– The S&P 500 has historically reacted positively after US presidential elections, with significant gains in the year after.
– Bitcoin’s price has also followed this trend, potentially due to its correlation with traditional markets.
Current Bitcoin Statistics
– Market cap: $1.58T
– Volume (24h): $49.31B
– Circulating supply: 19.78M BTC
Expert Predictions
– Some experts predict Bitcoin’s price could rise to $1,000,000 or more in the next year, based on historical trends.
– Others suggest a more conservative estimate of $125,000, aligning with the middle bands of the Rainbow Price Chart.
BRICS vs US Dollar
One of the other factors is the upcoming BRICS currency. As of now, there isn’t a single, unified BRICS currency, but there are plans to create an alternative payment system that would facilitate trade and financial transactions among BRICS nations.
Proposed Features of the BRICS Currency
– Local Currency Use: Encourage trade and financial transactions among BRICS members using local currencies.
– Alternative Payment System: Create a new messaging system and network of national commercial banks linked to each other through BRICS central banks.
– De-Dollarization: Reduce the dominance of the US dollar in global trade and finance.
Challenges and Limitations
– Creating a single, unified currency is considered unfeasible or a distant prospect by most analysts.
– Technical and logistical challenges in implementing an alternative payment system.
Member Countries’ Currencies
– Brazilian Real (BRL)
– Russian Ruble (RUB)
– Indian Rupee (INR)
– Chinese Renminbi (RMB)
– South African Rand (ZAR)
– (And other currencies from new member countries, such as Iran, Egypt, Ethiopia, and the UAE)
While a single BRICS currency is still in the works, the group’s efforts to promote local currency use and reduce dependence on the US dollar are already underway. But what if all BRICS members decide to use Bitcoin as their preferred currency? Bitcoin is already decentralized and could potentially explode in value if adopted widely. And if the Trump administration finds a way to bring peace to regions like Russia and Israel, Bitcoin’s price could skyrocket.
Samuel Georges
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