The Only One That Outperformed Bitcoin at Its Peak
<t-14/>#TopCoinsSeptember YFI: In the fast-paced world of cryptocurrencies, where records are constantly being broken, YFI stands out as a true phenomenon. This cryptocurrency has not only shown exponential growth but, during the last Bitcoin halving, achieved the unprecedented feat of surpassing its value of BTC in its historical maximum that had not been surpassed in 3 years. What makes YFI so special? * Extreme scarcity: With a limited supply of only 36,000 tokens, YFI is a highly scarce asset, making it a coveted item for investors.
The BRICS in De-Dollarization
(New Monetary Order)
De-dollarization, i.e. the decreased dependence on the US dollar as the global reserve currency, is an increasingly evident trend on the world economic stage. The BRICS (Brazil, Russia, India, China and South Africa) have emerged as key players in this process, challenging the dollar's hegemony and promoting a more multipolar monetary order. Why are the BRICS so important in de-dollarization? * Growing economic weight: The BRICS represent a significant portion of the world economy, with a combined GDP that challenges that of developed economies. Their economic clout gives them greater bargaining power on the international stage.
Money, as we know it today, has come a long way. Initially, trade was based on the barter of goods and services. Over time, the first metal coins emerged, representing an intrinsic value tied to the material from which they were made. However, the inconvenience of transporting large amounts of metal led to the creation of paper money. Paper money, initially backed by gold reserves, promised a stable value. This system reached its peak in the Bretton Woods Agreements, where the US dollar became the world's reserve currency, linked to a fixed price of gold. This system provided stability to international trade for decades.
Money, as we know it today, has come a long way. Initially, trade was based on the barter of goods and services. Over time, the first metal coins emerged, representing an intrinsic value tied to the material from which they were made. However, the inconvenience of transporting large amounts of metal led to the creation of paper money. Paper money, initially backed by gold reserves, promised a stable value. This system reached its peak during the Bretton Woods Agreements, where the US dollar became the world reserve currency, linked to a fixed price of gold. This system provided stability to international trade for decades.
The rise of cryptocurrencies and BRICS dollarization: a new monetary order The emergence of cryptocurrencies in the global financial landscape has challenged the monetary status quo, generating a debate around their potential to reconfigure the international financial system. In this context, the BRICS bloc (Brazil, Russia, India, China, and South Africa) has emerged as a key player in the search for alternatives to the US dollar, which has led to a growing intersection between these two trends.