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satoshin • Jul 10, 2023, 12:21 pm EDT

BRICS Leads Global Shift towards a New Gold-Backed Currency

According to state-run RT, the Russian government has confirmed that Brazil, Russia, India, China and South Africa (BRICS nations) will introduce a new trading currency backed by gold. “The official announcement is expected to be made during the BRICS summit in August in South Africa.” Neils Christensen for KITCO Over 41 nations have announced they will accept the new currency signaling that we are on the verge of a significant financial pivot as the countries’ potential alliance within BRICS is leading the movement towards a new gold-backed currency. Thorsten Polleit, Chief Economist at Degussa, analyzing the move, stated that a

3 minutes

satoshin • May 16, 2017, 2:04 pm EDT

Major World Events That Affect Bitcoin’s Value

Japan’s legalization of Bitcoin has caused bitcoin value to surge. Bitcoin’s Short Term Volatility and Long Term Bullish Market. How to invest in Bitcoin. Japan- the World’s Largest Bitcoin Market On April 1st Japan (NYSEARCA:EWJ) enacted a law that accepted Bitcoin (Pending:COIN) has a legal payment method. Since then, Bitcoin trading volume has skyrocketed and increased its value by 80%. During this time, Japan surpassed China (NYSEARCA:FXI) and became the world’s largest Bitcoin market in the world. The figure below illustrates the strike enacted by Japan’s (NYSEARCA:DXJ) legalization of the cryptocurrency. Source: investing.com Bitcoin’s Short Term Volatility and Long Term

2 minutes