If any of the individual nations within BRICS (and outside of BRICS) were thinking clearly they would be transitioning to a monetary system that is controlled by no one country or coalition of countries. https://www.tftc.io/brics-us-dollar/
They all want to control the monetary system. They are all being lured into a situation where they will end up opting for the IMF SDR and find themselves right back in the same situation they are in right now. Proof they are not thinking clearly or perhaps at all.
Agreed. High probability they don’t understand money and are blinded by ego.
Moving away from USD into any other CB currency is simply out of the fire and into the frying pan. May as well stick with USD at that point.
Brics and many others will actually end up using bitcoin even if they don't say that they are. Point to point , permissionless, relatively frictionless transactions of bitcoin are too enticing to pass up on. $1trillion worth of bitcoin transactions per year already? Someone big is using bitcoin already without shouting about it. Bitcoin is still the surest bet I know of.
At the moment they go for gold ... Maybe we will see a different picture in ≈2030 https://m.primal.net/IgXK.png
Seems like states are like feminists - claim they want equality but what they really want is control. Anarchists want equality. Bitcoin is anarchist. Rules without rulers.