Topic: BRICS and Bitcoin (Read 491 times)

The current biggest threat that I know Trump will impose 100% tariffs to BRICS countries if they launch their own currencies, this could be the reason why we haven't see they officially launch the currency since they need to think many thing. Launch BRICS means they accept to get away from the US and they need to accept if they would be a war against US.

They might be the most corrupted countries, but that's their power, corruption need alliance. If they can corrupt the countries by working with other people in their countries, now the difference is they need to working with foreign countries.

Bitcoin was created to be independent of governments, central banks, and geopolitical alliances. Its primary goal is to serve as a borderless, censorship-resistant, and decentralized value transfer system. Because of this, no economic bloc—whether BRICS or Western nations—can fundamentally change Bitcoin’s core value proposition.

1. BRICS’ Goals vs. Bitcoin’s Philosophy

The primary aim of BRICS is to reduce reliance on the U.S. dollar and create an alternative financial system controlled by its member states. Their focus is on state-managed financial instruments like CBDCs (Central Bank Digital Currencies) or a new trade currency.

Bitcoin, however, is fundamentally different—it is not controlled by any state or financial authority. Even if BRICS develops its own digital currency, it will remain a centralized system, which is incompatible with Bitcoin’s philosophy of financial sovereignty and decentralization.

2. Can BRICS Impact Bitcoin?

While Bitcoin’s price can be affected by short-term geopolitical news, its core technology and principles remain unchanged. If BRICS attempts to ban or replace Bitcoin with a state-backed digital currency, this will not reduce Bitcoin’s global value.

In fact, history shows that the more governments try to restrict Bitcoin, the stronger it becomes. When China banned Bitcoin mining, the network’s hashrate recovered to an all-time high within months.

3. Bitcoin as an Alternative and Hedge Against BRICS Policies

If BRICS countries move towards a centralized digital financial system, this will create a stronger demand for Bitcoin as an independent alternative. Unlike state-backed currencies, Bitcoin allows users to have full control over their wealth without government restrictions.

Whenever governments impose capital controls or financial surveillance, people seek alternatives. Bitcoin has already proven to be a lifeline in countries with hyperinflation, economic instability, and strict capital controls. If BRICS nations attempt to restrict financial freedom, Bitcoin will become even more valuable as a hedge against monetary control.

4. Bitcoin’s Role in Geopolitics

The real strength of Bitcoin is that it operates beyond politics. Governments change, economic alliances form and dissolve, but Bitcoin has continued to function reliably for over 14 years without a central authority.

If BRICS embraces Bitcoin, it will accelerate global adoption. If BRICS tries to suppress Bitcoin, it will only reinforce why Bitcoin is needed in the first place. Either way, Bitcoin remains independent of geopolitical decisions.

5. Conclusion

Bitcoin will not be controlled by BRICS, the U.S., or any other political entity. Its value is derived from decentralization, security, and censorship resistance.

Whether BRICS accepts or rejects Bitcoin does not change its fundamental purpose. In fact, if BRICS nations impose strict capital controls, Bitcoin will likely see greater adoption as a way to bypass financial restrictions.

Bitcoin is not in opposition to BRICS or the Western financial system—it is a neutral, global alternative that exists beyond government influence.

Ocoshy

Working BRICS currency won't ever happen, even trump knows this, that's why he is huffing and puffing. He is trying to act tough, like it would be because of him that it won't be success, and he can seem tough.
Some people will fall for this and credit him for brics currency not happening-

Real reason why it won't happen is because it's an alliance of most corrupted countries, that can't even trust their own government, so how would they end up trusting on each other.
And before you say that CBDC wouldn't need trust, i would like to see any models where that wouldn't be the case. One reason why USD and EUR aren't in danger to crash over night is high regulation and trust in the system.
This trust doesn't exist between sanctioned countries.

In effect on the questionable bitcoin, I think that even the impact is not too big.
I know that BRICS countries only initiated BRICSPAY and this is only a political climate between them countries that are members of BRICS and America. While Bitcoin no one regulates.

About this, I think this is the effect on the price of Bitcoin.

Trump advocated for Bitcoin, and he is really against BRICS. I believe that Trump's threats to BRICS regarding them choosing some other currency for international trade are likely to be effective, considering that not all BRICS members are equally anti-USA and ready to suffer for it. But choosing Bitcoin is an interesting question. Russia is open to it, China and India probably aren't. It's not impossible, but as Trump sort of set his claim to Bitcoin, they might be wary of adopting it because of not wanting to be seen as similar to him and the US policies.

BRICS nations don't have any common currency. The idea of having a single currency has been discussed among member nations but there has been no consensus. In the last BRICS Summit, a payment platform called BRICSPay was introduced. Countries can use the platform to settle trade payments using local currencies. The only way BRICS can affect Bitcoin price is when they all decide to use it as a reserve instead of stockpiling the US dollars.

Positive or negative impacts that will be felt by the countries that are members of BRICS that you know but it is difficult for you to explain here. Try to give a signal so I can analyze it because what I understand from the op's intention is whether BRICS will have an impact on Bitcoin, then I answer it is not too big considering that BRICS is a currency planned by several countries to stop the dominance of USD in global trade. While Bitcoin is a currency system that can be used without the need for a third party with privacy and fast and uncomplicated transactions, so it makes me think that its rise and fall still depend on the laws of supply and demand.

I mean anything good for bitcoin is good no matter how small or big it is. I am sure that we are going to see this becoming more common with every nation, and that's the good thing. Russia and USA famously do not like each other, but even those enemies end up with same logic for bitcoin, one is considering strategic reserve while other is letting people mine it and start companies about it and all that. These are all important results and we need to consider that the whole is agreeing on how great bitcoin is.

Right now, Bitcoin ETF's are reaching over a million bitcoins, so that shows that we are getting to a much brighter future for bitcoin and I am not really seeing anything dark in our future, we are going to be great. Obviously it doesn't have to be quick, but most of BRICS will be involved with bitcoin in a good manner too, because they will soon realize they could benefit from it if they accept it, instead of trying to stay away from it.

Russia can change their national policy very fastly because there is no democracy in that nation and if Putin wants, he will achieve changes he wants nearly immediately without considerable barriers from other politicians in Russia.

Russia has development of their national CBDC.
https://cbdctracker.org/

Bitcoin is not responsible to help BRICS nations but countries that are joining BRICS or are not in this ally, can make their national decisions and spend money to accumulate bitcoin. Bitcoin is everyone and there is a global free market for buying and selling bitcoin.

Bitcoin has no restriction on any nation, whether it is a member of BRICS.

I don't think it's anything to go by with the BRICS that because Russia decides to own some cryptocurrency then It's a BRICS thing. Remember that the BRICS is just a few number of countries who are still finding grounds on achieving their one major objective which is the debasement of the influence of the US dollar on the global economy especially on their respective economies. And not to mention that these BRICS nations has their respective currency and not that they're all using a single BRICS currency that Russia's acceptance on any crypto should be any significant right now. At least not yet.

I think the impact will also be very much felt by countries that join BRICS in the future. for more details it may be difficult to describe what is clear is that there is an action that certainly gives rise to a reaction. What is clear is that this is like a trade war.

I don't think it will impact Bitcoin that much because they are different for people to use.
BRICS is a currency planned by several countries that are united for the sake of economy which I call global trade to compete with USD. Meanwhile, Bitcoin is an alternative currency that not all countries can use for payment legally. Bitcoin is also independent of any party except its owner.
How will it impact the price? I still adhere to the law of supply and demand in the market.

The Truth is that,the BRICS are not after Bitcoin,their chase and fight is to completely swallow the US Dollar and eventually they'll have everything under their custody and control.Although,I feel like they're not fully stable to trap Bitcoin but perhaps,The US Dollar is their major concern and everything falls into place when they can control the US Dollar.Their interest in Bitcoin will kickstart when they're fully in charge.

Maybe Trying for a more independent payment system like BRICSPay and of course BTC and stablecoins items will come in too.

I think you do not know, so take note that adoption of BTC in El Salvador has not been a success, the citizens over there do not use BTC and most of them do not even understand it, despite it being a legal tender in the country. Yeah, the government of El Salvador buys BTC and they are also friendly to BTC, but adoption by people living in the country has not kicked off that much.

That's plausible, the west will have to react whatever BRICS is going to do. It's been quite a while since I have heard a news about them. Like last year, the countries like Saudi Arabia and other known countries that are strong and influential have shown their interest to join the BRICS. I'm not sure if they have already joined or it's still in the process but that's also alarming somehow that they're wanting to have their alliance with the BRICS instead of the West while they have been a long time partner of them.

That's true, BRICS isn't as united as people think because from BRICS, both, China and Russia wants dominance and both of them want to use each other for their own benefits. Such a block can't succeed, the strength is in unity, not in a rivalry inside the "family". Besides Russia and China, there is India that can be a good competitor of China by offering cheap workforce to west countries. If West countries move factories from China to India, China's economy will be in a bad situation while India will win a lot. These are big countries with big aims, they can't be together. Imagine, a Lion, Tiger, Bear and Wolf in one room, they can't befriend with each other because they are dominants, they'll kill each other.
And yes, the United States Of America is that powerful.

Then again - BRICS is not as united as many would think, imo.
Take an example from China and India - they two have completely different stances and goals about many things, let alone crypto.. Imagine what should happen for them to do the same things on the subject.. Something really urgent, really.

BRICS or not, Bitcoin will flourish and will also face weighing hurdles and decisions by countries. BRICS is only an organization, it's not where economic solutions and decisions of a country are being made, there's sovereignty in countries, and they have tehri decisions to make. BRICS may only introduce its payment system, which they've already done, but yet, it will have no effect on Bitcoin just as fiat exists and Bitcoin exits. As of now, part of the BRICS countries support Bitcoin, but not all, there will always be division in Bitcoin adoption and use, but this will change nothing about its progress even as people in those countries where it is banned still find means to own their sizable share of it.

BRICS and word influence globally deserves another discussion to my mind BRICS has the highest number of population because China and India alone. 17,8% of population comes to India and 17.4% of population comes to China. Then there is Brazil, Russia and so on, I won't talk about that. BRICS is huge with a huge population but believe me, quality outweighs quantity. West is very small but west influences the globe.

From where does the innovation mostly come from? Western countries. China does very well recently but they aren't innovative, they are good at copying and then making it better (which is some part of innovation but not invention).

I think that if BRICS starts Bitcoin adoption, it will force the west to adopt Bitcoin and this fight will finally lead to an increased competition in Bitcoin. This should drive the price very high but Bitcoin will become regulated as hell. That's my opinion.

That is realistic view of situation right now. BRICS countries have their own plans like creating BRICS Pay system and they have not shown any real interest in using Bitcoin. While it is possible that they might think about adding Bitcoin to their savings in future which could help more people start using it it is important to know difference between investing in something and really using it. Really using Bitcoin like El Salvador did, means that country makes it part of their economy not just putting money into it.

There is no connection, for now brics is more concerned with what they call de-dollarization and smooth trade relationship between member states. As far as i know, they have not spoken about BTC, and some of the countries in this organization like Russia and China are not very friendly to BTC, so i don't think BTC has any space in their plans.

If they are to have any currency plans, it is to create one that will be accepted amongst member states without any barrier, and it will be a centralized currency and not a decentralized one.

We've already seen that there's something happening if it's about the separation of other nations to the pair that they have with USD.

It's sure a very tough thing for the US if the majority of the global market will be separate from them. However, with the new leadership through Trump, it looks like there will be a better place for them.

And recently, he's aware of the things that are happening like with the crash of the stocks of tech companies due to some cheaper AI technology from China.

I don’t think it will have much effect on bitcoin particularly if BRICS counties become bigger economies. What’s the point of this question? Are you asking this because you are assuming there are more crypto fans in those countries than the rest of the world? If so, that might have some positive effect on bitcoin but you didn’t give us enough insight on what you think exactly. At least give us some of your own expectations and then we’ll continue with the discussion from there.

and I wasn't really expecting it to be, I was just thinking that it might be a step forward for Russia and maybe over time they may become more accepting towards crypto(but who knows what will happen).

I guess you're right, and them legalizing mining and owning crypto to evade action does make sense.

anyway, I am still curious about what possible effects BRICS might have on Bitcoin/crypto.

Agreed.
It's more about the means to an end for Russia than about belief in BTC and its potential
That's my opinion, of course, so I agree with you.

But don't forget some country (part of BRICS) already legalize Bitcoin as investment, asset or property (which also means their citizen can own crypto), so it's nothing major. Besides, Russia did that as part to evade sanction rather than giving their citizen more choice or freedom.

Even though some of the countries from BRICS would adopt BTC more, that wouldn't be a full-on initiative from all the countries from the block.
Because they are too different and have different stances on crypto and BTC as a whole..

yeah, that's true(at least as far as I know) but then again, I remember seeing a headline where Russia legalize mining and owning crypto, it may not be as much as what El Salvador and other countries have done but I think it is still a big step on Russia's acceptance towards crypto.

This year many adoptions come from several countries and this supports the use case. Yes. this is the information I have been looking for all this time what will be decided together, if not I am sure there will be an imbalance that will befall especially countries that try to avoid and fight the dominance of the dollar as a medium of transaction.

Although so far there is no official date when the BRICS currency will be launched, but this currency has been prepared, even its form has been introduced and its framework. It's just a matter of time before it will finally be launched to the members. You know that BRICS is a cross-country organization, of course developing 1 currency for this organization is not easy, it definitely needs a lot of further discussion.

And discussing the relationship between America and BRICS with Bitcoin is probably more complicated. BRICS is an organization, while America is a country. BRICS is unlikely to issue a decision related to Bitcoin because it is not part of their plan - the decision regarding Bitcoin will be left to each member country, whether they want to legalize it or not, or make it their reserve. While America is a country, they can issue policies regarding Bitcoin more freely. That's the difference.

As it stands today, BRICS will not have any effect on Bitcoin or its price because it has nothing to do with it. The member states have too many other things to deal with (like establishment of a new global payment system which is called BRICS Pay) and they still haven't made any solid move toward adopting bitcoin or shown any interest in it.

However, if in the future these countries decided to add bitcoin as their reserves things could be different because that would help the adoption grow but it still is the same as what US may do in the future. The true adoption growth comes when they actually adopt bitcoin like what El Salvador did not when they just invest in it.

So, Trump is playing on two boats here. Befriending China but not willing to give and take especially with the usage of US dollars globally. Of course, that's one of the assets of the United States and they're not going to give that to China.

Being friends while having some business to make in competition is gonna be tough. But this is going to be developing story as they both agreed upon to make peace in their regions.

Looks like Trump did really stopped the talks about BRICS and many countries wouldn't be interested anymore on that allegiance.

A planned currency made up of several countries with the goal of breaking the US dollar's influence in the global economy. That's my understanding of BRICS based on several sources.
I don't expect it to have much of an impact on the Bitcoin price market, including in terms of adoption.
This is politics in the realm of economics.

BRICS nations have not been able to form a common front to achieve their aim of de-dollarization. This has reduced the chances of the organization to agree on a common currency that will be used for trade. Currently, they are encouraging member states to accept local currency thereby reducing the use of the dollars.

Bitcoin adoption and price will increase if BRICS nations decide to use the currency in international trade or as a strategic reserve. But since a leading member state, China is not friendly with Bitcoin, I doubt if such a move will see the light of the day.

I don't think any of their decision is going to affect the bitcoin network for anything, even if they succeeded in waging war against the mainstream of USD and introduce their own, what people want is not about a new law, regime or even a new version of government controlled currencies, instead, they want their privacy back, they are so much interested in what bitcoin have started, any other form of currency may choose to exist, but none can overthrown the relevance bitcoin has laid down as legacy.

I don't foresee any impact of BRICS on cryptos. To be honest, I don't think BRICS countries will even launch their own fiat currency anytime soon, especially after the threat from Trump on imposing additional tarrif. Most probably they are going to stick to USD for now and keep a very small percentage of their business in local currencies. Don't expect any big changes in that immediately.

Something I don't understand is why would the stability to hold Crypto assets be pegged on the US USD known to be the USDT when cryptocurrency is decentralized and no official or legal defendant that the Crypto industry is centered on the US that would warrant it currency (USD) to be pinned a stablish to a unifying digital and decentralized currency as bitcoin.
Why has the US also had that influencer role in the bitcoin market despites the Speculations that bitcoin isn't officiated with any authorities but just of it communities adoptors.
I believe there're still certain sentiments within the global economy trade with the Brics and the US which the BRICS wouldn't want to play a backup (support) the growth of the US as they both acts as oppositions around the global economy system.
So the BRICs facilitate on the adoption of bitcoin unsentimentally, of course it'd bring a maximum winning to bitcoin and the potential values of bitcoin would be  maximize because they also have an economy influence like the US.

There will be no more talks about world currency. US is only willing to see US dollar to dominate the world. Trump has sent a threatening message to all of BRICS countries. It's not all of BRICS members are agreed to launch their own currency.

A sanction to tbe BRICS member can change the situation. There's nothing concrete thing about the launch of BRICS currency.

I see no further development about BRICS currency. Meanwhile,  US has already added bitcoin as its future plan. We know how they're one step ahead.

^ Didn't see the news about the one currency for everyone, but it wouldn't happen.
For the reason that somebody needs to be at the bottom for the rest to stay at top.
 

The original plan is to make the Chinese New Yuan the new standard. But we will never know how things are going to happen then.

Since Trump is befriending back Xi and so, the main plan is to kickout US dollars with all of the alliance that it has got as the main currency.

Maybe soon, there will be talks about an actual one world currency but we'll never know if both will agree to each of their own currencies. But pretty much, the best choice that they can have is to adopt BTC altogether.

so far the brics currency is still in the discussion stage and there has been no official adoption by the brics member countries. but if it has been launched and gained global influence, i think it will only affect the us dollar... since the purpose of brics is to weaken the dominance of the us dollar in the brics member countries. related to whether it will affect the price of bitcoin, it probably won't, because the purpose of brics is an economic cooperation organization, and the use of the brics currency is only for trade between brics members.

News was once circulating that a BRICS currency was on the table, with rumors of it being backed by gold and based on the linked article, their local currencies, though according to BRICS+ nations determined to trade in their own currencies and other new reports, it seems that the current approach is a network of their own local currencies for trade as opposed to a new currency.

I suppose to update my post...:


...My new question mark is if free market stablecoins or closed CBDCs will be used if they decide to use blockchain for their digital currencies. Or, their own blockchain network? While I believe the Bitcoin protocol is where development efforts around the globe should be focused to create an evolved global payment network, envisioning a blockchain explorer exclusively with BRICS+ local currencies in the form of stablecoins/stabletokens seems like a cool thing to picture (especially if interoperable with Bitcoin and the rest of the crypto market, which would inadvertently create a massive on-ramp for Bitcoin too).

I know it seems like I'm kissing your a$$ every time I say this franky1 (said it a few times), but thank you for your post, it lead to a new line of thinking and updated research. I like your work and if I had merits to hand out I'd be sending you a lot more

there is no singular "brics currency" instead its a new type of commonwealth group of contries, where brics countries have its own forex market to swap between their domestic currencies without US influencing the exchange rates of their domestic currencies.

yes they may digitise their currencies (ruble, yuan, peso, and such) into a CBDC(of ruble, of yuan, of peso) and have the 'm-bridge' as the brics forex. but dont confuse gossip of brics being its own currency. its not the case

if the countries do transition to crypto wallet based control of funds via CBDC, where crypto wallets become commonly used, it 'could' help the common person be more receptive to non state controlled cryptocurrency. especially if the CBDC are designed to be inflationary and people learn that non state owned cryptocurrency like bitcoin are deflationary

I've always thought that BRICS will not just compete with the US Dollar/serve to drop the dollar as the reserve currency, though that its currency will be blockchain-based, creating some form of competition or deviation from Bitcoin. Since the US has started claiming that Bitcoin will be their savior from debt and that they will embrace it as a reserve, I wonder if this will turn into a USA/Bitcoin vs. BRICS kind of scenario or if the world will unite and embrace Bitcoin together, or if BRICS will interoperate with the rest of the market. This is one of the very interesting question marks that will contribute to our history as a planet right now in my opinion.

Yep. They are too different in that regard.
Imagine BTC adoption in China, which pushes heavily into the CBDS more than anything..

I don't expect much positive or negative impact, since one of BRICS goal is to limit Western influence (including USD dominance). And IIRC none of country who join BRICS legalize Bitcoin as daily payment method/currency.

Most people buy Bitcoin because they want to make money from it.

BRICS is just like another fiat, the value is relatively stable.

BRICS is nothing different to mobile banking or digital fiat, mobile banking exist before Bitcoin, now I don't see mobile banking or digital fiat threat Bitcoin because people use them for different purpose.

BRICS isn't that centralized and organized, per se, it's more of a formal alliance than anything else.
So to see them pushing in one direction in that regard and any other - it would be a challenge worth watching.

It is very big question that needs some big prerequisite conditions like BRICS must grow up and succeed with their attempts. Firstly their attempt to launch their BRICS currency like the US. dollar, the Euro as a new global currency to use among BRICS countries, then expand to non-BRICS countries.

Before these things happen, it's too far for future to discuss about what nations in BRICS will do with Bitcoin and cryptocurrency.

Some of them have developments, pilots of CBDCs already.
https://cbdctracker.org/

I am not really knowledgeable on this topic and it might be a little early to have this kind of discussion about it but I am just curious what you guys think about it. I mean, if BRICS starts gaining momentum and influence globally, how much do you guys think it will affect Bitcoin, price-wise and adoption-wise?