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Author: Admin | 2025-04-28
Announced their wealth fund is going to invest in a regional fund to build Bitcoin mining throughout BRICS with an idea of settling global trade in Bitcoin.”He suggested that future geopolitical shifts could lead to broader acceptance of Bitcoin in international trade. “Someday, I don’t know if it’s five years or ten years, Putin is going to die. We’re going to look to reintegrate these countries into the world system, and they’re trading in Bitcoin—what are we doing?”Kirill Dmitriev, CEO of RDIF, echoed the sentiment of technological sovereignty: “The development of computing capacity for the implementation of artificial intelligence in various industries is a priority for Russia and the BRICS alliance partners. Joint use of high-tech infrastructure will let members reduce costs, cut foreign technology dependence, and control critical data.”Notably, Sigel remains bullish on Bitcoin’s future value. “It’s going to be a $100,000 asset soon, $200,000. The smallest ever rally was 2,000%. If we do half of that, 1,000%, we would be at $180,000,” he projected. He anticipates that post-election fiscal developments in the US will serve as a significant catalyst for Bitcoin’s appreciation. “I think after the election will be a significant catalyst. You can see it on the front page of The Wall Street Journal talking about debt and deficit concerns. Moody’s is telegraphing this.”VanEck has developed a long-term model predicting Bitcoin’s ascendancy as a global reserve asset. “We have a model that assumes by 2050—this is long term—Bitcoin becomes a reserve asset used in global trade and held at global central banks at a modest 2% rate, and in that model, we arrive at $3 million,” Sigel revealed.At press time, BTC traded at $71,029.Bitcoin price rises above $71,000, 1-day chart | Source: BTCUSDT on TradingView.comFeatured image created with DALL.E, chart from TradingView.com
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