VanEck Advisor Urges Countries To Adopt Bitcoin Instead of CBDCs in Response to BRICS Announcement

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Cointime2024/03/05 13:53

By:Cointime

VanEck's advisor, Gabor Gurbacs, has suggested that countries should adopt Bitcoin instead of rushing into Central Bank Digital Currencies (CBDCs) in response to the recent announcement by the BRICS nations. The BRICS announcement focused on the creation of an independent payment system based on digital currencies and blockchain technology. However, Gurbacs emphasized the advantages of Bitcoin, such as its scarcity and decentralized nature, over CBDCs. He also highlighted the potential advantages of early adoption of Bitcoin, suggesting that nations stand to gain from embracing the crypto. The BRICS announcement signals a concerted effort to explore alternative monetary systems, with a focus on digital technologies and blockchain.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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