JP Morgan Slams USD Dominance as BRICS Titans China & India Ascend

Wall Street’s favorite punching bag—the US dollar—takes another hit as JP Morgan signals a seismic power shift. The BRICS bloc’s heavyweights are rewriting the rules while traditional finance plays catch-up.

China’s digital yuan gains ground as India’s crypto embrace accelerates. Meanwhile, legacy banks still can’t decide whether blockchain is a threat or a buzzword for their quarterly reports.

The dollar’s hegemony looks shakier than a DeFi protocol’s APY promises. But don’t worry—your local bank will still charge $35 for an international wire while pretending nothing’s changing.

BRICS Markets Are Lucrative, JP Morgan Downplays USD’s Growth in 2025

JP Morgan wrote in its latest research piece that the US dollar may remain soft in 2025 while BRICS members China and India’s local currencies and the broader markets could rise. The global bank is bullish on emerging markets (EM) as it is now receiving an influx of funds from institutional clients and hedge funds.

read the JP Morgan report.

wrote JP Morgan downplaying the USD’s prospects. Read here to know how much investment has been poured into China in 2025.

BRICS countries such as India, China, and Brazil are seeing an inflow of funds as the USD declines, says JP Morgan.read the report.