BRICS: VanEck Says Alliance is Set to Increase Bitcoin Adoption
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 ...