recent post<\/a> on X, Lowery expressed doubt about whether nations in the BRICS group (Brazil, Russia, India, China, and South Africa) would willingly adopt a cryptocurrency perceived to be under US control. While not directly mentioning XRP, his comments about a \u201cmeme coin\u201d or one \u201ccontrolled by an American CEO\u201d can be interpreted as indirectly referring to XRP or cryptocurrencies affiliated with US firms.<\/p>\nHe questioned, \u201cDo you think BRICS is interested in incorporating a meme coin or one governed by an American CEO? Would they opt for a USD stablecoin issued by an American business trying to resemble a new Federal Reserve Bank?\u201d<\/p>\n
Furthermore, he suggested that they are likely more inclined to select a cryptocurrency that has endured criticism from the US for over 15 years, particularly one that operates independently from US influence; one that ensures sovereign access to blockchain space, which means transactions cannot be blocked or denied, as long as they maintain the necessary infrastructure and resources.<\/p>\n
Lowery’s insights highlight a strategic view of Bitcoin\u2019s appeal to nations outside the US’s sphere, primarily due to its decentralized, censorship-resistant characteristics, which according to him, position Bitcoin favorably on the global geopolitical landscape.<\/p>\n
His concerns extend beyond the technical aspects of cryptocurrencies, focusing instead on geopolitical implications. He argues that the choice of the next \u201cglobal reserve asset\u201d hinges on what other nations, particularly rivals like China and Russia, wish to hold. He elaborated:<\/p>\n
\u201cThe next global reserve asset will be determined by other countries, especially our competitors. BRICS is likely to prefer assets that provide the most separation from US influence\u2014those that are demonstrably censorship-resistant, truly decentralized, and sovereign. The ones that weren\u2019t premined and aren\u2019t promoted by American influencers.\u201d<\/p>\n
Lowery warns the US crypto community that simply valuing a digital asset domestically is not sufficient if opposing nations lack motivation to adopt it. He stresses the necessity of evaluating the likelihood that foreign governments would consider integrating a specific digital asset into their state reserves, cautioning that endorsing any cryptocurrency, particularly ones closely tied to US interests, might be pointless and even detrimental to the country\u2019s future security and prosperity.<\/p>\n
As of now, the Trump administration has not specified whether any cryptocurrency other than Bitcoin will be included in the \u201cDigital Asset Stockpile.\u201d However, supporters of Ripple remain optimistic, believing that clearer regulations concerning XRP and its ongoing collaborations with financial institutions could potentially elevate its status as a recognized strategic asset.<\/p>\n
Nonetheless, Lowery warns that global dynamics, especially actions by BRICS, might overshadow any positivity felt domestically. Should BRICS nations and others conclude that Bitcoin\u2019s decentralized nature and its resistance to censorship provide a significant geopolitical edge, they might collectively choose to adopt it widely. He asserts that if such a preference develops, it would compel the US to increase its own crypto holdings or face a strategic shortfall:<\/p>\n
\u201cIf you can\u2019t firmly assert that nations like China or Russia will significantly add your favored crypto asset to their reserves, then you\u2019re not being genuine\u2014and you\u2019re harming the future safety and success of this nation.\u201d<\/p>\n
Currently, Bitcoin is trading at $99,293.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
This past weekend, a dispute arose between the Bitcoin and XRP communities, sparked by former President Donald Trump\u2019s recent announcement regarding a \u201cDigital Asset Stockpile\u201d as part of his administration’s latest cryptocurrency executive order. While many anticipated a focus on a \u201cBitcoin Strategic Reserve,\u201d the more inclusive terminology ignited discussions about whether other digital currencies, […]<\/p>\n","protected":false},"author":14,"featured_media":26902,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitcoin and XRP: The Potential Impact of BRICS on the US Cryptocurrency Landscape - Bitrabo","description":"This past weekend, a dispute arose between the Bitcoin and XRP communities, sparked by former President Donald Trump\u2019s recent announcement regarding a \u201cDigital"},"footnotes":""},"categories":[316],"tags":[448,2323,504,536,1106,517],"class_list":["post-26901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-brics","tag-crypto","tag-influence","tag-reserve","tag-xrp"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/26901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=26901"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/26901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/26902"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=26901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=26901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=26901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}