Matthew Sigel, Head of Digital Assets Research at VanEck, predicts the potential adoption of Bitcoin by BRICS nations for global trade.
Sigel believes that the upcoming downgrade of US sovereign debt by Moody's could serve as a catalyst for Bitcoin adoption.
Several BRICS nations, including Russia, are taking steps to bolster their Bitcoin mining infrastructure and explore the use of Bitcoin in global trade.
Sigel remains bullish on Bitcoin's future value, projecting it to reach $100,000 or even $200,000 soon.