\u201cChina and Russia have reportedly begun settling some energy transactions in Bitcoin and other digital assets,\u201d said VanEck Head of Digital Assets Research Matthew Sigel in a company blog post on April 8.<\/p>\n
These are not the only two nations trying to de-dollarize during Donald Trump\u2019s trade war<\/a>.<\/p>\n Bolivia has announced plans to import electricity using crypto, and French energy utility EDF is exploring whether it can mine Bitcoin with surplus electricity, he added<\/a>.<\/p>\n \u201cThese are early signs that Bitcoin is evolving from a speculative asset into a functional monetary tool,\u201d he said before adding, \u201cparticularly in economies looking to bypass the dollar and reduce exposure to US-led financial systems.\u201d<\/p>\n BREAKING: VanEck confirms that China and Russia are officially settling some energy trades in Bitcoin as the trade war ramps up.<\/p>\n Maybe a trade war is what crypto actually needs. pic.twitter.com\/Bs5MxgInY1<\/a><\/p>\n \u2014 The Kobeissi Letter (@KobeissiLetter) April 9, 2025<\/a><\/p>\n\n Sigel advised investors to keep an eye on the evolving path of Federal Reserve policy, adding \u201cdovish shifts in rate expectations and rising liquidity are historically positive for Bitcoin.\u201d<\/p>\n He also mentioned the US Dollar Index (DXY), which is a measure of the value of the greenback compared to a basket of six major currencies.\u00a0It \u201cremains a key signal,\u201d he said before adding that any sustained dollar weakness \u201cmay bolster the Bitcoin-as-hedge narrative, particularly in an environment of geopolitical fragmentation.\u201d<\/p>\n DXY has declined<\/a> by more than 7% since the beginning of this year and is currently 102.5, according to Tradingview.<\/p>\n Bitwise chief investment officer Matt Hougan echoed the sentiment in an April 9 blog post<\/a>. The Trump administration \u201cwants a weaker dollar, even if it means ending its role as the world\u2019s reserve currency,\u201d he said before pointing out that dollar weakness historically correlates with Bitcoin strength.<\/p>\n He added that the world may move away from a single reserve currency such as the dollar to a \u201cmore fractured reserve system, with hard money like Bitcoin and gold playing a bigger role than it does today.\u201d<\/p>\n Other analysts are also of the opinion that a weakening greenback is good for crypto.<\/p>\n $DXY<\/a> [1W] continues to fall steeply and is not far away from breaking down from this triangular bearish continuation pattern.<\/p>\n All-crypto season is loading! pic.twitter.com\/KjVsdXcEjw<\/a><\/p>\n \u2014 Gert van Lagen (@GertvanLagen) April 8, 2025<\/a><\/p>\n\n In late March, before the trade tariffs came into effect, analysts told<\/a> Reuters that \u201cTrump\u2019s trade and foreign policies have forced Europe on a path toward reduced reliance on the US, and this is likely to imply a desire for reduced reliance on the dollar.\u201d<\/p>\n \u201cTrump threatened countries that tried to de-dollarise with extra tariffs. Ironically, his isolationist policies may drive the trend,\u201d opined Rabobank\u2019s head of forex strategy, Jane Foley.<\/p>\n The post VanEck Confirms China and Russia Are Settling Energy Transactions in Bitcoin<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" \u201cChina and Russia have reportedly begun settling some energy transactions in Bitcoin and other digital assets,\u201d said VanEck Head of Digital Assets Research Matthew Sigel in a company blog post on April 8. These are not the only two nations trying to de-dollarize during Donald Trump\u2019s trade war. Bolivia has announced plans to import electricity […]<\/p>\n","protected":false},"author":0,"featured_media":58188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-58187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/58187"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58187"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/58187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/58188"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Weakening Dollar Good for Bitcoin<\/h2>\n
De-Dollarization Ramping Up<\/h2>\n