VanEck Confirms China and Russia Settling Energy Trades in Bitcoin
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VanEck confirms China and Russia are settling energy trades using Bitcoin, highlighting a growing trend of de-dollarization. The report suggests Bitcoin is becoming a strategic tool for international transactions amid escalating trade tensions and dollar weakness.
April 10, 2025 | 11:45 am
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Bitcoin is being used by China and Russia for energy trade settlements, potentially increasing its legitimacy and value as an alternative to traditional currency systems.
Direct confirmation of Bitcoin being used in international energy trade settlements suggests growing institutional and governmental acceptance, which could drive price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100