Market
What strategy will BRICS adopt to counter U.S. economic threats by end of 2025?
2
Resolution / Starting Odds
Strengthen internal trade • 25%
Adopt new currency • 25%
Increase gold reserves • 25%
Adopt cryptocurrency • 25%
Official statements from BRICS nations or credible financial news sources
Story
Trump Threatens BRICS with Tariffs, Promotes Bitcoin Amid Dollar Replacement Plans
Dec 7, 2024, 06:30 PM
Former President Donald Trump has issued threats against the BRICS countries, warning of severe economic repercussions should they attempt to replace the U.S. dollar with another currency in international trade. This comes amidst discussions within BRICS nations about reducing their reliance on the dollar. Trump's stance includes the possibility of imposing massive tariffs and promoting the use of cryptocurrencies like Bitcoin, potentially undermining the gold reserves held by BRICS countries. Michael Saylor, a prominent Bitcoin advocate, has suggested that the U.S. could adopt Bitcoin and sell off its gold reserves, a move that could devalue gold and impact the economies of BRICS nations. Trump's threats are seen as an escalation of ongoing tensions regarding the global financial system's structure.
View original story
Similar markets
Negotiate with the US • 25%
Proceed with de-dollarization • 25%
Seek alternative alliances • 25%
No official response • 25%
Diplomatic sanctions • 25%
No retaliation • 25%
Currency devaluation • 25%
Trade tariffs on U.S. goods • 25%
Negotiate with the U.S. • 25%
Proceed with new currency plans • 25%
No official response • 25%
Agree to not pursue new currency • 25%
No significant action • 25%
Retaliatory tariffs • 25%
Other • 25%
Diplomatic negotiations • 25%
South Africa • 20%
Brazil • 20%
Russia • 20%
India • 20%
China • 20%
Brazil • 20%
Russia • 20%
India • 20%
China • 20%
South Africa • 20%
100% tariffs imposed • 25%
No tariffs imposed • 25%
Tariff threat retracted • 25%
Partial tariffs imposed • 25%
