The thing that makes bitcoin different from any other commodity is it's supply is completely known. Which makes it good money since you want money to be demand sensitive and not demand and supply sensitive. Demand sensitive is more a function of economic activity, while supply sensitive is more a function of central bank activity, which we don't want. However, while bitcoin is still being supplied metronomically until we get to 21million coins, you would think all supply between now and then would be discounted in the price and so that would be out of the picture, but it's not. Each 4 years the supply of new bitcoins minted is halved and there is a distinct price action associated with that halving event. We are approaching the next halving next year(in May , I think). And like clockwork the price of bitcoin in the 3rd quarter in the year before the halving(this year) the price has gone down. And in the year of the halving the price has gone up in multiples. Again, you would think think would all be discounted and so would cease to happen, but until now it never has. And this time may not be different. Who knows ? I don't worry too much about it, I just hold on.

How will a brics gold backed currency affect bitcoin ? Gold backed, or Commodity backed, currencies have been tried at times since money was invented. They work for a while, sometimes quite well like the most recent Bretton Woods did. However, they always fail spectacularly when more currency is printed than there is gold backing. Unfortunately , govts love "backed" currencies because they can cheat on them and slyly print under the table. Brics will be no different. The entire point of bitcoin is that its it not backed by anything, it is a bearer instrument that stands alone at face value. Which , to me, says bitcoin will actually work, crooks don't trust each other and ironically they will demand payment in bitcoin IMO. Bitcoin will only be a base or reserve currency, but that is what we want. We want our monetary foundation to be firm , we want a rock solid base layer that everything else can be marked to market to. The fast payments systems will be myriad , even including visa etc, but the base layer on which these fast payment systems are built must be irrefutable.

Under a fiat, debt based monetary system , it is impossible to extinguish debt because all fiat money and derivatives in this system is debt, only the duration can be changed. Bitcoin is unencumbered by debt and that can be used to extinguish debt.

Bitcoin(and gold) price won't rise until the real interest rates(strong dollar) fall. Ie. The Fed stops raising rates. Keynes' "strongest relationship in all economics" is holding firm(he observed the gold price was inverse to real interest rates using 200 years of data). The Fed persisting with this policy will ensure a global economic wasteland as the $700trillion global debt is collapsed , which is probably what they want.

Big turning point in Ukraine "The aim of the counter-offensive was to reach the Azov Sea or, if that was not possible, to go far enough to get all southern roads under artillery fire. The distance from the frontline to the sea as of June 5 was 100 kilometer. There are still 88 kilometer to go. But time is running out and all reserves have been committed. Over the last week the Russian Defense Ministry reported on average 770 Ukrainian frontline casualties per day. The Ukrainian counter-offensive will likely culminate next week. It has reached is maximum potential and will now peter out. That is the moment when the Russian army will go on the offensive." https://www.moonofalabama.org/2023/08/ukraine-sitrep-chernihiv-done-exphibition-russian-offensive.htm