Bitcoin and gold emerge as key diversifiers in the face of the devaluation of the dollar.
The group of countries promote trade in local currencies, eroding the global dominance of the dollar.
With gold and bitcoin (BTC) reaching all-time high prices above $4,000 and $125,000 (USD) respectively, the US currency faces its worst half-year since 1973, falling 10.8% in the first half of 2025.
This turn is not coincidental. Behind the scenes, a seismic movement gains strength. It is because around 50% of trade between the BRICS (Brazil, Russia, India, China, South Africa, and its new members: Egypt, Ethiopia, Iran and the United Arab Emirates), is already done in local currencies.
This trend could gain momentum by the end of 2025 if de-dollarization advances. This is occurring now as a gradual transition transforms raw materials into monetary powerevading sanctions without seeking the abrupt collapse of the dollar.
For some time now, the block of emerging countries has distanced itself from the dollar. Today, this process responds less to ideology and more to a practical strategy.
The BRICS control 72% of global rare earth reserves, a dominance they take advantage of to build a parallel financial architecture anchored in precious metals and digital assets like bitcoin.
This path does not seek an abrupt collapse of the dollar, but rather a gradual transition that transforms commodities or basic goods in the axis of monetary power, evading Western sanctions and controls.
This whole trend shows that The US ticket is one option among several in a multipolar world where natural resources, not ticket printers, determine real value.
BRICS dominance of critical resources
This geopolitical turn was catalyzed by events such as sanctions over the conflict in Ukraine in 2022, which tied up Russian reserves in the European Union (EU) and the United States (US), exposing the fragility of the dollar and prompting the bloc to look for alternatives.
These sanctions fostered a parallel ecosystem in which Russia, excluded from the London Bullion Market (LBMA), was forced to adopt the wholesale payments system overseen by the People’s Bank of China. This despite being the fifth largest holder of gold in the world.
By monopolizing critical supplies (75% rare earths, 50% nickel batteries, 40% global oil), The BRICS turn their resources into unavoidable leversmaking fiat currency-based sanctions obsolete.
These rare earth reserves are a crucial strategic asset in the technological era, as these elements are essential for the manufacture of electric vehicle batteries, magnets in wind turbines, semiconductors and advanced defense systems.
Dominance ensures the BRICS a leading position in the global supply chain—with China processing nearly 90% of global refining. It also gives them powerful geopolitical leverage to condition exports on payments in local currencies or alternative systems, weakening the effectiveness of dollar-based sanctions and accelerating de-dollarization by prioritizing multipolar trade.
Gold, the eternal thermometer of distrust in fiat currencies, encapsulates this evolution. Its price has risen 122% from $1,800 per ounce in 2021 to more than $4,000 in October 2025. driven by a strategic flight from the dollar.
BRICS commodities—possible support for a single currency—erode the dollar with material superiority, without the need for confrontation.
Bitcoin, the accelerator of the transition
In this geopolitical ramification, bitcoin emerges as the digital asset that allows us to accelerate the transition, complementing gold in the diversification of reserves.
A recent analysis by financial outlet AInvest highlights how the BRICS are using digital assets to reduce their dependence on the dollar. As reported by CriptoNoticias, Russia is turning to bitcoin and other digital assets to facilitate oil trade with India and China, representing a growing fraction of its sanctioned exports.
Additionally, Russia has integrated bitcoin into its Financial Transfer System (SPFS) to circumvent sanctions in operations with allies such as Iran.
This comes as global investors defect from the dollar as Ken Griffin, CEO of Citadel, called the “debasement trade”—bets on devaluation due to inflation and deficits.
Griffin warned that the trend is “worrying”, since anxiety over deficits and lax policies in the US consolidates bitcoin as an essential diversifier.
This is what Deutsche Bank Research is also seeing, which in its September 2025 report indicates that gold continues to reign in the official reserves of central bankswhile bitcoin will grow in private and alternative reserves.
The institution highlights that, with growing de-dollarization and regulatory progress in key markets, the expectation of broader adoption of bitcoin is strengthened. The bank projects that, by 2030, the digital currency will be part of the official balance sheets of some central banks, along with gold.