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With the ongoing tension between the BRICS alliance and the United States, one expert has theorized that most nations will eventually end up ditching US dollar reserves for Bitcoin. Indeed, economist Jeremy Siegel recently noted that the leading crypto has emerged as a threat to the greenback’s global standing. Senior economist at WisdomTree, Siegel, discussed the curiosity of Trump’s continued embrace of Bitcoin. Specifically, he noted that the asset class is far more dangerous to the US dollar’s dominance than gold or any BRICS currency, according to a Benzinga report. Source: LA Times Also Read: BRICS & US to Race for Bitcoin Supremacy in 2025? Expert Says Bitcoin, Not BRICS, Is Greatest Threat to US Dollar Since 2022, when Russia invaded Ukraine, the BRICS bloc has been on a mission. Specifically, the collective has sought ways to ditch the US dollar in international trade. Moreover, it has moved to lessen the global reliance on the Western currency. These decision...

Although there is a growing sentiment that the BRICS bloc has shifted its focus amid the 2024 presidential alliance outcome, there are many experts who believe that Donald Trump’s return won’t stop the alliance from ditching the US dollar. Specifically, the collective’s newfound interest in trading in local currencies will see no end in sight despite the shift in leadership in the US. Earlier this month, Russian President Vladimir Putin hinted that the alliance’s de-dollarization days were behind it. However, that is unlikely to be the case according to economist Lauren Johnson, who recently discussed the political and financial importance of the practice. Moreover, why it is unlikely to end any time soon. Source: Politico Also Read: Is the BRICS Bloc Moving Away From Its De-Dollarization Agenda? BRICS Commitment to Trading in Local Currencies Won’t Stop With Trump Return, Expert Says Over the last two years, de-dollarization has been a clear focus of the BRICS bloc. Amid the Western s...

Economist Alex Krüger is putting traders on notice in regards to Ethereum, saying that one of ETH‘s biggest rivals has already reached escape velocity and will likely continue to outperform. In a post on the social media platform X, Krüger tells his 184,000 followers that “it’s about time to stop betting on ETH the asset,” given its underwhelming performance over the last several years. “Even in the event of a Trump win. When an asset is supposed to go up and it does the opposite, that’s the market telling you something. There are better crypto assets to bet on. Don’t be stubborn.” Krüger says he was planning to leverage long ETH and Solana (SOL) on the night of the US election if it looked like pro-crypto presidential candidate Donald Trump was coming ahead. But now, the trader says he’s “scratched ETH off” in favor of SOL and other opportunities. He notes that the recent memecoin frenzy on Solan...

As the cryptocurrency market navigates through another volatile cycle, Ethereum (ETH) has become a focal point of discussion among investors and analysts, reflecting both concern and keen interest. The first quarter of 2024 marked record-breaking achievements for Bitcoin (BTC), with the highest monthly and quarterly closes ever observed. However, a significant downturn in Bitcoin’s value at the onset of Q2 has precipitated a steep decline across the crypto market, including a dramatic drop in Ethereum’s price below $3,000. Despite this turbulence, analysts maintain a hopeful perspective on the market’s potential recovery. In an Analysis of the current cryptocurrency cycle , economist Alex Krüger highlights the significant influence of Bitcoin ETFs, describing Ethereum’s performance as ‘a major disappointment ’ in comparison. Despite Ethereum’s struggles, the cycle has seen surprising dynamics across various digital assets. Picks...

Despite Bitcoin (BTC) increasing its price by more than 50% in 2024, one of its most vocal opponents, economist and gold bug Peter Schiff, continues to criticize it, recently bashing the maiden cryptocurrency as a “fake asset,” as well as praising silver as a much better alternative. Indeed, Schiff recently stated his opinion that “CNBC can’t figure out if Bitcoin is a risk-on or risk-off asset,” and that some of the media outlet’s “guests claim it’s both,” that “Bitcoin means different things to different people,” and that “it’s whatever investors want it to be.” Peter Schiff Bitcoin claims What’s more, according to the American economist ’s belief, the position that the flagship decentralized finance (DeFi) asset’ s risk is “in the eye of the HODLer” is “crazy,” because he views Bitcoin as nothing but a “fake asset ,” as he explained in an X post published on April 2. Picks for you R. Kiyosaki warns biggest ‘everything’ crash is coming; Bitcoin to $200 2 hours ago ...