BRICS nations are accelerating their exit from U.S. Treasury bonds, selling **$160 billion** between October 2024 and October 2025, while stockpiling gold at record rates. China cut $71.4 billion, India slashed 21% to $190.7 billion, and Brazil dumped $61 billion. This erodes dollar dominance, with the U.S. Dollar Index falling below 97.0 in January 2026, hitting a four-year low, and its global reserve share at 56.32%—the lowest in three decades.
Massive Treasury Exodus
China led with sales dropping its holdings to $682.6 billion in November 2025, the lowest since 2008. India hit a five-year floor, with Treasuries now just one-third of its forex reserves (down from 40%). Brazil rounded out the trio via its Central Bank. ING and Bloomberg warn of strategic diversification amid geopolitical tensions and U.S. fiscal doubts.
Gold Rush as a Bridge
BRICS doubled gold's reserve share from 6.4% (2020) to 12.9% (Q3 2025), exceeding 6,000 tonnes: Russia 2,330t, China 2,298t, India 880t. Monthly purchases averaged 60 tonnes in 2025—triple pre-2022 rates—with Brazil adding 16t in September to reach 145.1t total. The World Gold Council highlights gold's "reemergence" as a stabilizer, at levels unseen since the 1990s.
Dollar Retreat, Gold in Transition
JPMorgan sees a bearish dollar in 2026, confirming fiat erosion. Analysts like Khalid Mustafa and Dipanwita Mazumdar (Bank of Baroda) spot clear diversification. Intriguing: BRICS weakens the USD—a stance I share as anti-fiat—but gold is just a stepping stone. Its unlimited supply dooms it long-term.
Bitcoin: The True Final Winner
I'm a BTC proponent over gold: fixed 21M supply vs. infinitely mineable. As BRICS pivots (Russia and China already testing crypto), Bitcoin captures post-dollar flows. In 2025, institutional buys topped 500,000 BTC; with a weak dollar, a rally to $150k+ in 2026 is realistic. Gold will succumb to BTC, the digital gold in a multipolar world.
This irreversible shift favors crypto over metals. BRICS paves the way, but Bitcoin crowns the revolution.
