BRICS currencies meant to compete with dollar, Trump warns of depression as Kiyosaki predicts bond crash, waits to buy Bitcoin — Bitcoin.com News Week in Review – The Weekly Bitcoin News

The BRICS countries revealed that they are “creating an international reserve currency” that analysts believe is aimed at challenging the dollar and the International Monetary Fund’s Special Drawing Rights (SDR) currency. In addition, Donald Trump warned of a recession in America, Rich Dad Poor Dad writer Robert Kiyosaki said we were facing the “biggest bond collapse” in more than 200 years, and FTX CEO Sam Bank Manfried said he was ready to deploy ” Hundreds more than our millions to date” to help digital currency companies. Get ready for another Bitcoin.com News Week recap.

Analyst: BRICS currencies meant to compete with dollar, Trump warns of depression as Kiyosaki predicts bond crash, waits to buy Bitcoin — Bitcoin.com News Week Recap

Aiming for dollar hegemony: Russia, China and BRICS plan to create new international reserve currency

While inflation figures in Europe and the US rose markedly last month, Russia and BRICS members revealed that the leaders of five major emerging economies were “creating an international reserve currency”. Analysts believe the BRICS reserve currency is designed to rival the U.S. dollar and the International Monetary Fund’s (IMF) Special Drawing Rights (SDR) currency.

read more

Analyst: BRICS currencies meant to compete with dollar, Trump warns of depression as Kiyosaki predicts bond crash, waits to buy Bitcoin — Bitcoin.com News Week Recap

Donald Trump warns US economy is facing ‘bigger problems than recession’ – ‘We’re going to be in a depression’

Former President Donald Trump has warned that the U.S. economy is facing “bigger problems than a recession.” Noting that “we’re going to be in a depression,” he stressed: “We have to get this country going or we’re going to have serious problems.”

read more

FTX helps Voyager clients, CEO says firm willing to deploy ‘hundreds of millions’ to help crypto industry

Sam Bankman-Fried, founder and CEO of leading exchange FTX, has offered to provide early liquidity to Voyager Digital’s clients, according to an FTX announcement on July 22. Additionally, Bankman-Fried discussed the crypto industry interview with CNBC in an exclusive interview, noting that he is willing to deploy “hundreds of millions of dollars” to help digital currency companies affected by the cryptocurrency market downturn.

read more

Rich Dad Poor Dad's Robert Kiyosaki Warns of 'Biggest Bond Crash Since 1788' - He's Waiting for Bitcoin to Go Lower to Buy

Robert Kiyosaki Warns of ‘Biggest Bond Crash Since 1788’ – Waiting to Buy Bitcoin at Lower Prices

Robert Kiyosaki, famous author of the best-selling Rich Dad Poor Dad, warns of “the biggest bond crash since 1788.” He stressed that the “real problem” is the bond market, which is “40 times larger” than the stock market. He is waiting for the Bitcoin price to drop further to buy some.

read more

tags in this story

1788, bitcoin Kiyosaki, bond crash, BRICS, China, depression, ftx, Kiyosaki, reserve currency, russia, sam bankman-fried, trump, dollar hegemony, dollar hegemony, navigator, sailing home numbers

Do you think the BRICS countries will succeed in creating a new international reserve currency? If so, will it challenge the dollar’s dominance? Be sure to let us know in the comments section below.

Bitcoin Network

Since 2015, Bitcoin.com has been the global leader in introducing newbies to cryptocurrencies. We provide accessible educational materials, timely and objective news, and intuitive self-hosted products that make it easy for anyone to buy, spend, trade, invest, earn and learn about the future of cryptocurrencies and finance.

Image Source: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for reference only. It is not a direct offer or an invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned herein.

Leave a Comment

%d bloggers like this: