"I think it's a huge and significant development, because […] blockchain is an immutable payment. And what that means is it can't be messed with. It also removes any element, really, of corruption, because when you make that payment, it's totally transparent. And once it's made, no one can ever delete it. It has an online digital footprint that anyone can look up, which is totally transparent and also secure and fast," the expert noted.
"I think we may see a currency that is backed on a basket of different BRICS nation currencies, be that the Russian ruble, the Chinese renminbi, the Indian rupee, the South African rand, these kind of large economies coming together and forming something that will essentially allow everyone to clear payments between each other in a lot better way," the financial analyst said.
“The US dollar has nothing that backs it. There's no commodity that underlies it, which then allows the Federal Reserve to print as much as possible. That, coupled with the large amount of debt per capita that the US is experiencing […] in the past 20 or so years, are making it really, in my view, unsustainable,” the pundit said.
“Everyone around the world uses Telegram because it has now overtaken WhatsApp and all these other brands that have basically, we've found out, been giving all of our data and all our messages away to the American authorities.”