In the fast-paced world of crypto, where trends shift quicker than a Solana transaction, a recent discussion on X (formerly Twitter) has caught the attention of traders everywhere. MacAttack (@crossedentropy) highlighted a potential game-changer: BRICS countries, including powerhouses like China, are increasingly leaning towards gold-based trade. This isn't just idle chatter—it's backed by growing evidence, and it's making even seasoned traders like Ansem rethink their strategies.
Let's break it down. Ansem (@blknoiz06), a well-known figure in the crypto space famous for spotting gems like dogwifhat ($WIF), shared his frustration in a post: "struggling a lot with gold going up infinite and bitcoin being weak + making lower highs tbh, not really sure what to make of it. believe bitcoin flips gold on an extended time frame, but unsure how long that takes, & compounding becomes much more fruitful for traders on an asset that can retrace -40% in a few months." He's pointing out the stark contrast—gold is surging, while Bitcoin (BTC) is lagging with lower highs, meaning its price peaks are getting progressively weaker.
MacAttack replied directly, emphasizing: "as much as crypto folks want Bitcoin to be the future global reserve asset there is growing evidence that China (and other brics countries) are transitioning more of their trade to be gold based. this transitioning means that gold needs to reprice much higher." You can check out the full exchange here.
So, what's the deal with BRICS and gold? BRICS stands for Brazil, Russia, India, China, and South Africa—a group of emerging economies challenging the dollar-dominated global system. For years, they've been pushing for "de-dollarization," which simply means reducing reliance on the US dollar for international trade. Gold plays a big role here because it's seen as a stable, tangible asset unaffected by inflation or political whims.
Recent developments support this shift. For instance, BRICS nations now hold about 20% of the world's official gold reserves, with Russia leading the charge Nestmann. There's talk of a gold-backed digital currency that could peg value partly to gold and partly to a basket of BRICS currencies OMFIF. Massive gold movements from Western vaults to non-SWIFT systems hint at a broader strategy YouTube. Even Forbes noted BRICS' progress on using gold for international exchange Forbes.
This pivot could force gold's price to climb significantly as demand rises for trade settlements. Meanwhile, Bitcoin, often called "digital gold," is facing headwinds. It's volatile, which Ansem notes can be great for traders—those 40% retraces mean opportunities to buy low and compound gains. But in a world where nations prefer gold's stability for reserves, BTC might take longer to "flip" gold in market cap or adoption.
Now, how does this tie into meme coins, the wild side of crypto where fortunes are made (and lost) on viral narratives? Meme tokens thrive on volatility and community hype, much like the compounding Ansem mentions. If Bitcoin stays weak, capital might flow into altcoins and memes seeking higher returns. Think about it: in uncertain macro environments, traders chase pumps in assets like $DOGE or $PEPE, which can 10x overnight. Plus, with de-dollarization buzz, memes themed around gold, BRICS, or anti-dollar sentiments could explode—imagine a "BRICS Gold Dog" token going viral.
For blockchain practitioners, this is a reminder to diversify. While Bitcoin remains the king of crypto, understanding these global shifts can help you navigate the market. Keep an eye on gold prices and BRICS announcements; they might just signal the next big meme coin rally.
Whether you're a BTC maximalist or a meme degen, one thing's clear: the crypto landscape is evolving, and staying informed is your best edge. What are your thoughts on gold versus Bitcoin? Drop them in the comments below!