The Battle for Supremacy: Will the BRICS Currency Topple the US Dollar Hegemony?

In my latest illustration, it features China’s president Xi Jinping, holding up a fist showcasing ‘Digital Yuan’. With the five flags signifying the BRICS alliance of Brazil, Russia, India, China, and South Africa. And the background referencing the MATRIX - Digital, metaverse, internet currency.

The global economic landscape is being challenged by the rise of the BRICS nations, which are seeking to break free from US dollar dominance.

The growing role of cryptocurrencies like Bitcoin has emerged to become a viable solution, with a potential to reshape the balance of power in the global financial system.

As the world moves towards digitalisation, traditional reserve assets like gold may become outdated.

By embracing cryptocurrencies, the BRICS nations can seek to strengthen their positions, protect against currency crises, and foster innovation in their financial sectors.

However, the US government and her allies might also pull this off, or will they?

Read the FULL article here — The Battle for Supremacy: Will the BRICS Currency Topple the US Dollar Hegemony?

Originally published at https://herbertrsim.com on May 15, 2023.