Bitcoin Far More Of A Threat Than A BRICS Reserve Currency, Says Jeremy Siegel: Find It ‘Curious’ That Trump Championed BTC At 100K
As President-elect Donald Trump threatened BRICS countries against a reserve currency, economist Jeremy Siegel says “Bitcoin is far more of a threat to replace the dollar in world reserves than anything created by the emerging market economies.”
What Happened: BRICS, an intergovernmental organization, comprises nine countries including Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates.
Siegel is a senior economist at WisdomTree and emeritus professor of finance at the Wharton School, University of Pennsylvania.
He said, “I found it curious that Trump threatened 100% tariffs for the BRICS nations wanting to implement a new reserve currency, while also championing the rise of Bitcoin’s price surpassing $100,000 and attributing it to his pro-crypto world view.”
“Bitcoin is viewed by many as an alternative global currency similar to what the BRICS are looking to …
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