Who understands this, family! The crypto circle has just passed the 'quiet period', and the BRICS has thrown out a 'game changer' with the gold-backed digital currency Unit emerging out of nowhere. This move has directly transformed 'de-dollarization' from a slogan into a solid fact! Stop focusing on those hype-driven air coins. Today, let's delve into the details of this 'golden baby'. Those who understand know this is a signal of the next wealth windfall.
As a veteran who has been immersed in the crypto market for eight years, let me state a core viewpoint: The power of Unit is not as simple as being 'digital gold'; it is a prescription from BRICS countries for global economic de-dollarization, and its efficacy is much stronger than imagined. Let's first look at the hard data from the report by the Russian Academy of Sciences supporting that 40% of Unit's reserve basket is real physical gold, while the remaining 60% consists of the sovereign currencies of the BRICS nations. This ratio is not just arbitrary; it is all calculated.
The role of gold needs no elaboration, right? This thing is globally recognized as a 'safe-haven hard currency', having never lost its value over thousands of years. By including it in the reserve basket, BRICS has effectively welded a 'shield against inflation' onto Unit. It's important to know that previously, countries couldn't avoid the US dollar; when the Federal Reserve raised interest rates, the whole world had to 'drink the northwest wind', and emerging market currencies were severely impacted. Now with Unit backed by gold, trading between BRICS countries acts as a medium using 'hard assets'. The dollar's ability to reap rewards through printing money? Not a chance.
Let's talk about the 60% sovereign currency allocation, which is the real 'masterstroke'. It doesn't elevate a single country's currency to a pedestal, but rather ties the currencies of China, Russia, Brazil, and others into a 'community of interests'. For example, Brazil sells iron ore to India; previously, they had to exchange reais for dollars first, then for rupees, getting gouged in the process. Now they can settle directly with Unit, saving on transaction fees and not having to worry about the dollar exchange rate. This is like 'economic liberation' for developing countries.
Some friends might argue: 'Can this thing compete with the US dollar?' To be honest, it's tough in the short term, but the trend is here. The reason the US dollar is strong is because it is supported by the 'petrodollar' system. Now the BRICS countries are creating their own 'gold-backed digital currency' system, which is like starting afresh. And let's not forget, BRICS is continuously expanding, with more and more countries not wanting to be tied to the US dollar; the user base of Unit will only grow larger. Just like how no one believed in cryptocurrencies back in the day, by the time everyone realizes it, the cake will have been devoured by the pioneers.
