BRICS Unmoved by Trump’s 100% Tariff Threats, Says Russian Envoy

January 22, 2025 Bitcoin.com

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BRICS, an economic bloc comprising emerging nations, remains unfazed by U.S. President Donald Trump’s threats to levy 100% tariffs on goods from member states, according to Russian Ambassador Sergey Tolchenov. Speaking to the Jakarta Globe on Tuesday, Tolchenov highlighted BRICS’ financial independence and its resilience against external pressures, including U.S. warnings. He emphasized the bloc’s […]

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BRICS+ Nations Poised for $1.4T Boost as AI Powers New Frontiers

January 21, 2025 Bitcoin.com

BRICS+ Nations Poised for .4T Boost as AI Powers New Frontiers

The integration of generative artificial intelligence (AI) is forecasted to significantly boost the economies of BRICS+ countries, potentially generating up to $600 billion by 2030, as per Yakov and Partners’ analysis. The consulting firm’s November 2024 report examined the development and implementation of generative AI technologies across the BRICS+ nations, projecting an overall economic impact […]

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BRICS Expands Again – Indonesia Gains Full Membership in Historic Move

January 8, 2025 Bitcoin.com

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BRICS has expanded its influence with Indonesia’s entry, marking the bloc’s growing dominance in emerging markets and securing its first full membership from Southeast Asia. Indonesia Joins BRICS: Southeast Asia’s First Seat at the Global Power Table Indonesia’s accession to BRICS as a full member has been officially confirmed by Brazil’s government, with the announcement […]

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BRICS Intensifies Alternative Payments—2025 Agenda Targets Dollar-Free Systems

January 4, 2025 Bitcoin.com

Alternative Payments

BRICS will prioritize alternative payment systems in 2025, aiming to reduce reliance on the U.S. dollar and boost trade in local currencies under Brazil’s leadership. BRICS Prioritizes Alternative Payments in 2025 The development of alternative payment systems and reducing reliance on the U.S. dollar will be central to BRICS initiatives in 2025 as Brazil takes […]

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Uganda and Eight Other Nations Join BRICS as Partners in January

December 27, 2024 Bitcoin.com

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Russia has confirmed that Uganda will become a BRICS partner on Jan. 1, 2025, along with eight other countries: Belarus, Bolivia, Indonesia, Kazakhstan, Cuba, Malaysia, Thailand, and Uzbekistan. These nations will join the BRICS alliance as partner countries, but won’t have the same rights as official members, such as voting power and unrestricted participation in […]

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BRICS Economies to Surpass Half of Global GDP, Challenging Western Dominance

December 27, 2024 Bitcoin.com

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Russia says BRICS nations will surpass half of global economic output in 10-15 years, signaling a shift in power that could challenge Western dominance. BRICS Economic Rise Signals Global Power Shift—Is Dominance Inevitable? The BRICS nations are rapidly emerging as dominant players in the global economy, with their collective GDP expected to surpass half of […]

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BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

December 25, 2024 Bitcoin.com

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BRICS will expand in 2025 with nine new partner states, signaling surging global alignment with the bloc as more nations race to secure ties. BRICS Expands With New Partner States in 2025 Several countries are set to gain BRICS partner status starting Jan. 1, 2025, following confirmations received by Russia, Kremlin aide Yury Ushakov informed […]

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Russia Reveals 20+ Countries Eye BRICS—Is a New Global Order Forming?

December 24, 2024 Bitcoin.com

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BRICS is drawing interest from more than 20 nations eager to establish stronger ties, Russian Presidential Aide Yury Ushakov revealed. “The doors of the association remain open to like-minded countries. At the moment, over two dozen more countries have shown interest in a systemic dialogue with BRICS: Azerbaijan, Bahrain, Bangladesh, Burkina Faso, Cambodia, Chad, Colombia, […]

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UAE Deepens Economic Ties With China and India Through BRICS Collaboration

December 24, 2024 Bitcoin.com

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The UAE’s growing economic influence and deeper global ties are driven by its BRICS membership, strengthening connections with China and India and boosting international collaboration. UAE’s Economy Gains Momentum Through BRICS Alliance, Strengthening Ties With China and India The United Arab Emirates (UAE) has strengthened its economy and broadened its global connections through its membership […]

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US Bitcoin reserve could slash national debt 35% by 2049: VanEck

December 23, 2024 Coin Telegraph

Bitcoin ETFs

VanEck has said a US Bitcoin reserve could majorly slash the national debt if the cryptocurrency grows to $42.3 million a coin by 2049.

The United States could reduce its national debt by 35% in the next 24 years if it creates a reserve of 1 million Bitcoin, in line with a bill proposed by Senator Cynthia Lummis, says asset management firm VanEck.

VanEck’s estimate assumed Bitcoin (BTC) will increase at a compounded annual growth rate (CAGR) of 25% to $42.3 million by 2049, while US national debt climbs at a 5% CAGR from $37 trillion at the start of 2025 to $119.3 trillion over the same time.

“The reserve could represent an estimated 35% of the national debt by 2049, offsetting ~$42 trillion of liabilities,” VanEck’s head of digital asset research, Matthew Sigel and investment analyst Nathan Frankovitz said in a Dec. 20 report.

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