Bitcoin’s Role in Global Trade: From Energy to Alternative Payment Systems

Global trade is shifting toward digital currencies, with Bitcoin and other cryptocurrencies gaining prominence as payment methods. As Matthew Sigel, Head of Digital Asset Research at VanEck, points out, countries like China and Russia are using cryptocurrencies such as Bitcoin, Ether, and Tether for energy transactions. This trend reflects a move away from the dominance of the U.S. dollar in global commerce.