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China-Russia Energy Transactions Shift to Bitcoin Settlement, Bitcoin May Become the New Cold War Currency BombMatthew Sigel, head of digital asset research at VanEck, revealed in a company blog post on April 8 that reports indicate that China and Russia have begun experimenting with using Bitcoin and other digital assets for settling some energy transactions. Source: VanEck This move comes against the backdrop of the global trade war triggered by Trump, and China and Russia are not the only actors in the de-dollarization movement, as this trend is quietly spreading globally. He also added that Bolivia has announced plans to use cryptocurrency to import electricity, while French energy giant EDF is exploring the possibility of mining Bitcoin using surplus electricity.

China-Russia Energy Transactions Shift to Bitcoin Settlement, Bitcoin May Become the New Cold War Currency Bomb

Matthew Sigel, head of digital asset research at VanEck, revealed in a company blog post on April 8 that reports indicate that China and Russia have begun experimenting with using Bitcoin and other digital assets for settling some energy transactions.

Source: VanEck
This move comes against the backdrop of the global trade war triggered by Trump, and China and Russia are not the only actors in the de-dollarization movement, as this trend is quietly spreading globally.
He also added that Bolivia has announced plans to use cryptocurrency to import electricity, while French energy giant EDF is exploring the possibility of mining Bitcoin using surplus electricity.
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