Altcoin News Official TheBitTimes.com

The share of the BRICS GDP in purchasing power parity (PPP) has grown from 37% to 40%. The G7 countries’ share of global GDP in PPP currently stands at 29%. Therefore, the BRICS alliance is ahead by 11% in PPP than its Western counterparts. The bloc is growing in economic independence, threatening the dominance of the US and the West. “The BRICS countries’ share in global GDP 40% in terms of purchasing power parity (PPP), exceeded that of the G7 29% even before the expansion of the association,” said Russian Foreign Minister Sergey Lavrov. His statement drew attention in a changing economic landscape where developing countries are gaining an upper hand. Also Read: BRICS mBridge Project: What Is It & How It Could Shift Dollar Dominance Plans To Further Increase the BRICS GDP in PPP Underway Source: Getty Images Lavrov explained that specific proposals were put forward during the summit in Kazan that could increase BRICS GDP in PPP. The proposals include the forma...

With the leading cryptocurrency nearing a return to its all-time high, it could factor into the BRICS alliance, with one VanEck executive saying the bloc is likely to increase its Bitcoin adoption in the future. Specifically, the firm notes that the asset could be key in the collective’s growing global trade. The BRICS has just concluded its long-awaited 2024 Summit. There, they highlighted the need to continue its ongoing de-dollarization efforts but also assured it will not be creating new infrastructure to support such an endeavor. That could open the door for cryptos like Bitcoin, to become even more important in the near future. Source: AFP Also Read: BRICS: U.S. Dollar Crisis Could Begin in 2025 BRICS Turn to Bitcoin? Why One Executive Thinks It May Just Be a Matter of Time There were high hopes for Bitcoin entering the year. After being the first crypto to receive ETF approval in the United States in January, the leading asset reached an all-time high price of $73,000 just ...