#DiversifyYourAssets

Based on information shared by VanEck, China and Russia are now using Bitcoin to pay for energy transactions. This comes as Donald Trump hits China and the European Union with new tariffs. VanEck stated that the global response to these tariffs could help Bitcoin in the long run.

Someone familiar with the operations of one oil trader reportedly told Reuters that Crypto payments to China alone are worth tens of millions of dollars every month. These payments are made through intermediaries. Chinese buyers pay in yuan to overseas accounts, then the intermediaries convert it to Crypto, send it to another account, and finally, it is converted back to rubles in Russia.