BRICS Summit Bombshell: The New World Order in Finance
Published: 2024-11-11
Status:
Analyzed
Published: 2024-11-11
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
BRICS Pay aims to achieve independence from Western payment systems by the end of 2024.
"they say that their goal is to be independent of Western payment systems by the end of 2024"
Pending
The BRICS alliance could challenge the US dollar's status as the world's reserve currency.
"if bricks has its way that could change"
Pending
A potential BRICS-backed commodities exchange could impact oil and grain prices.
"we're talking about a bricks backed Commodities exchange potentially and if it actually gets traction oil and grain prices might start to shift"
Pending
The US dollar's usage in international trade could decrease if alternative systems gain traction.
"and if this alternative takes off we might see the dollar be used less and less in international trade transactions"
Pending
Continued printing of US dollars to pay debt is projected to lead to increased inflation within the US in the coming decades.
"and if we continue to print more dollarss as a means to pay our debt which is projected that that's exactly what's going to happen in the next few decades more dollars will stay in the US and more dollars at home means more dollars chasing fewer Goods which means prices will continue to go up"
Pending
A hypothetical scenario suggests a shuffling of assets into Bitcoin, with potential inflows of $5 from real estate, $2 from stocks, and $0.50 from gold.
"all that's going to happen is just a re shuffling of a small percentage of assets shifting toward Bitcoin like a deck of cards being reshuffled right same deck just a different order now here's the hypothetical scenario let's say maybe $5 comes out of real estate and into Bitcoin maybe $2 comes from stocks and into Bitcoin and maybe 50 cents comes from gold and into Bitcoin"
Pending
By 2045, with global wealth quadrupled to $4,000 trillion, Bitcoin is projected to represent $7 out of $100 on a scaled representation, indicating significant growth.
"fast forward to 2045 20 years later and I think the world would look closer to this the world's wealth is now 4,000 trillion quadruple what it is today on that scale Bitcoin is still smaller than almost everything else just like today except now it's visible on this scale because out of $100 Bitcoin is now $7"
Pending
Bitcoin's price is projected to exceed $13 million per coin within 20 years, equating to an annual compound growth rate of approximately 28%.
"what's bitcoin's price over $13 million a coin over 20 years that's an annual compound growth rate or kager as the nerds like to call it of a very reasonable roughly 28%"
Pending
New institutional participants such as states, BlackRock, banks, countries, and pension funds are expected to drive Bitcoin adoption.
"not to mention new participants like States Black Rock Banks countries Pension funds"
Pending
Generational wealth transfer is expected to lead to a shift from less performing assets like bonds, gold, and real estate into Bitcoin by younger generations.
"the generational wealth transfer as kids inherit money from their parents their grandparents they will sell some of their less performing assets like bonds and gold or maybe real estate that is too expensive that they don't want to maintain and they'll put that somewhere that is performing something they do understand which for my generation is Bitcoin"
Pending
Following Trump's reelection, US banks are predicted to begin offering Bitcoin custody services and potentially yield on Bitcoin holdings.
"and now that Mr Trump is reelected and anti- crypto people are out of the picture I think banks will start to custody our Bitcoin and hold it for us and maybe even offer us a yield on it like a dividend"
Pending
US adoption of Bitcoin as a strategic reserve would significantly elevate its status.
"and if the US adopts Bitcoin as a strategic Reserve we're talking about a whole other level"
Pending
If BRICS successfully builds alternative payment systems and attracts more countries, the US dollar may no longer be the sole world reserve currency.
"if bricks succeeds in building these alternative payments systems and they continue to attract more and more countries we could see a world where the dollar is not the only World Reserve currency"
Pending
Inflation is predicted to drive up the prices of assets, not just everyday goods.
"inflation pushes up not just the price of groceries but the prices of assets too"
Pending
The New Development Bank aims to provide at least 30% of its financing in local currencies of borrowing countries, serving as an alternative to the IMF.
"now their goal is to give at least 30% of their financing in the local currency of the borrowing countries as an alternative to the IMF"
Pending