BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Global Trade Shift: China, Russia Utilize Bitcoin Payments​ Amid Rising Tensions

by Sham
April 9, 2025
in Bitcoin, Crypto, Finance, Opinion
A A
Global Trade Shift: China, Russia Utilize Bitcoin Payments​ Amid Rising Tensions
4
SHARES
Share on TwitterShare on Reddit
  • China and Russia have begun settling energy trades in Bitcoin, aiming to bypass the U.S. dollar.
  • Economic tensions and Trump’s tariff policies are pushing nations to explore crypto and gold as trade alternatives.
  • China has ordered state-run banks to reduce U.S. dollar holdings, signaling a shift toward de-dollarization.

According to a fresh report from VanEck, China and Russia—yeah, two of the biggest BRICS players—are now settling some of their trade using Bitcoin. Yep, real-world deals, like energy transactions, happening in BTC and other digital assets. VanEck’s Head of Digital Assets Research, Matthew Sigel, says this shift is already underway… and it’s catching people’s attention.

JUST IN: 🇨🇳🇷🇺 China and Russia are using Bitcoin $BTC for settling trades, reports $90 billion asset manager VanEck 👀

— BlockNews (@blocknewsdotcom) April 9, 2025

And it’s not just about snubbing the U.S. dollar for the yuan or ruble anymore. With Trump’s fiery new tariff blitz sparking fresh global trade tension, it seems China and Russia are ready to ditch fiat altogether—at least in certain transactions.

Global Trade Is Shifting—Crypto Creeping Into the Spotlight

Sigel dropped some extra nuggets too—like Bolivia looking to import electricity using crypto. Not exactly your typical trade route, right? Meanwhile, over in France, utility giant EDF is testing the waters with Bitcoin mining, hoping to repurpose surplus electricity (currently exported to Germany) into something a little shinier: sats.

“These are early signs,” Sigel explained, “that Bitcoin is slowly evolving from a speculative play into a working, cross-border monetary tool. Especially for economies wanting to bypass dollar dominance.” And let’s be honest—who isn’t looking to dodge U.S. financial systems right now?

Dollar Weakens as Investors Flee to Gold, Crypto

The U.S. dollar? It’s not having the best year. Since January, it’s slipped about 6.1%. Foreign holdings of U.S. assets hit a whopping $62 trillion last year, but that flow is now, well, kinda reversing. Investors are hedging their bets elsewhere—gold, Bitcoin, whatever feels less tied to Washington’s mood swings.

VanEck’s other analyst, Imaru Casanova, believes gold might have its moment in the sun again soon. “Gold and gold stocks should ultimately benefit from the uncertainty we’re seeing across the global economy,” she said. “When policies are unpredictable and markets are jumpy, gold tends to shine as the go-to safety net.”

Bitcoin Btc Price Chart

China Hits the Brakes on the Dollar

Interestingly, Russia—half of this whole crypto trade deal—hasn’t even been hit with tariffs (yet), while China just took a wallop from the U.S. on that front. In response, China has reportedly told its state-run banks to start dialing back their dollar purchases. Less dollar in the reserves, more wiggle room for alternatives… like Bitcoin.

So yeah, what was once some weird internet money may now be creeping into the world’s biggest trade lanes. Keep an eye on this one—it’s starting to get real.

Tags: BitcoinBRICSChinaRussiaVanEck
Tweet1ShareShare2

DON'T MISS THESE! HOT OFF THE PRESS

Elon Musk Steps Down from DOGE, Remains Trump Advisor
Finance

Elon Musk Steps Down from DOGE, Remains Trump Advisor

May 30, 2025
Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?
Crypto

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

May 30, 2025
These 3 Cryptos Could Become Industry Standards in the Next 5 years
Bitcoin

These 3 Cryptos Could Become Industry Standards in the Next 5 years

May 30, 2025
These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early
Crypto

These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

May 30, 2025
BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya
Bitcoin

BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya

May 30, 2025
JPMorgan Issues Bearish Outlook on Ethereum: Should You Sell or Buy?
Crypto

JPMorgan Issues Bearish Outlook on Ethereum: Should You Sell or Buy?

May 30, 2025
Load More

Related News

Elon Musk Steps Down from DOGE, Remains Trump Advisor

Elon Musk Steps Down from DOGE, Remains Trump Advisor

May 30, 2025
Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

Yuga Labs Sells Off Moonbirds IP to Double Down on Bored Apes and Otherside — Bullish Signal for BAYC?

May 30, 2025
These 3 Cryptos Could Become Industry Standards in the Next 5 years

These 3 Cryptos Could Become Industry Standards in the Next 5 years

May 30, 2025
These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

These 3 Crypto Coins Could SKYROCKET in the Next 3 Months: Still Early

May 30, 2025
BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya

BTC AT RISK: Quantum Tech Threatens Bitcoin’s Security, Warns Billionaire Chamath Palihapitiya

May 30, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.