- U.S. Press Secretary Karine Jean-Pierre, has recently revealed that the U.S. policy allows its partners to seek BRIC membership.
- Finance author Robert Kiyosaki reveals that the BRICS is set to launch a new currency, which could benefit gold and Bitcoin in the long run.
Adoption of Bitcoin and gold can increase significantly as the White House makes clear what its stance is on U.S. partners partnering with the organization.
The BRICS is seeing an influx of new members, as new countries collectively work towards de-dollarization. However, it’s been unclear where the U.S. government stands, regarding its partners engaging with the BRICS.
The White House has now confirmed that its U.S. partners are not restricted from working with the BRICS. In fact, partners can seek BRICS membership.
In a press briefing held on Monday, the White House press secretary Karine Jean-Pierre was quizzed about the House’s stance on seeking BRICS membership in
“Algeria and Egypt, which are two partners of the U.S. … have applied to join BRICS … and represents kind of a non-alignment force that stands against, kind of, Western hegemony. So how do you feel about this development? Do you welcome this?” A spokesperson asked.
New BRIC currency to boost gold and Bitcoin’s global adoption and value
In response, Jean-Pierre explained that countries have to take the lead and speak up about their diplomatic engagement. The White House rep secretary also added that its goal is to lead with an affirmative agenda that focuses on demonstrating the benefits of its governance and economic models.
“U.S. policy does not ask our partners to choose between the United States and other countries. We have repeatedly emphasized that the U.S. does not want to limit countries’ partnership with other countries. But we want countries to have choices on how to deliver results to their citizens as well.” Karine Jean-Pierre added.
With the U.S. employing less strict rules, and more countries looking to join the BRICS, more alternative currencies might be gaining traction and recording an increase in adoption in the long-term. The likes of Bitcoin and gold are also primed to become key beneficiaries of this change.
As Robert Kiyosaki, the Rich Dad, Poor Dad author, and crypto proponent explained, 41 nations will be attending the upcoming BRICS Summit, scheduled to take place on the 22nd of August.
At the Summit, Kiyosaki stated that the BRICS could launch its own currency. The introduction of the new currency could threaten the stability of the U.S dollar, Kiyosaki asserted.
The new currency could also be tied to the precious metal gold and this could help to boost the value of the asset. Similarly, Bitcoin could also benefit from this, as a surge in gold’s value could result in institutional investors seeking out Bitcoin as an alternative store of value.
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