🔎 **Trump warns of severe sanctions for BRICS countries that abandon the dollar**
💸 Possible effects on the cryptocurrency market
1. Increased demand for cryptocurrencies as an alternative reserve: If BRICS countries and other allies reduce their use of the dollar, cryptocurrencies could benefit as decentralized stores of value, becoming reference assets to diversify portfolios in international markets.
2. Increased global adoption of crypto assets: Countries looking for alternatives to the dollar could see cryptocurrencies as a tool for international transactions, especially in regions where there are less restrictive regulations.
3. Investments in blockchain technology: By reducing their dependence on the dollar, countries could increase their investment in blockchain technologies that offer alternatives in payments, smart contracts and other decentralized financial services.
The cryptocurrency landscape is on the cusp of a pivotal event — the Bitcoin (BTC) halving. Scheduled around April 15, 2024, as per estimates by Binance’s Bitcoin Halving Countdown, halving is expected to significantly impact the BTC price, the broader cryptocurrency market, and the dynamics of altcoin prices.
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