24 Nations Align Against US Dollar Amidst Efforts To Launch New Global Currency

It’s been just revealed the fact that there are 24 nations that align against the US dollar amidst efforts to launch a new global currency. Check out the latest reports below.

There are 24 nations that are now looking to build a strategic alliance that will challenge the US dollar’s decades-long role as the world’s reserve currency.

The group of five economically-aligned countries collectively known as BRICS is reportedly on the cusp of a massive expansion.

“The core collective consists of Brazil, Russia, India, China, and South Africa – and a surge of nations interested in joining the alliance would bring the total number of nations to 24,” according to the latest reports coming from the Daily Hodl.

This is according to South Africa’s BRICS ambassador, Anil Sooklal, who tells Bloomberg that a long list of nations are now looking to join in.

The same reports coming from the online publication the Daily Hodl notes the fact that Sooklal says the list includes 13 countries that have formally asked to join and an additional six countries that have informally requested to be part of the alliance.

The rumors about introducing a new digital currency have been floating along for a while now. Make sure to stay tuned and check out more info about the issue.

According to the latest reports, during a new interview with Fox Business, Hougan said that Bitcoin would likely cross the $30,000 level in the near term and eventually hit new all-time highs by next year.

Hougan says that the crypto markets were hit by scandals last year after soaring too quickly, but that digital assets are now poised to recover after flushing out excessive leverage.

“I definitely think we’re going to get above that $30,000 level. I think we’re eventually going to get to new all-time highs. You know we had a reset last year with all the issues that crypto had around FTX, around LUNA. It had gotten too big, too fast, and we blew up. But we’ve cleaned up, we’ve reset and now we’re up 77% year-to-date. It’s the best-performing asset class in the world.”