China and Russia Embrace Bitcoin Amidst Trump’s Tariffs, Seeking Alternative Trade Settlements

In a move spurred by escalating trade tensions between the US and China, as exemplified by President Trump’s recent hefty tariffs on Chinese goods, both China and Russia are turning to Bitcoin and other cryptocurrencies for settling energy transactions. Matthew Sigel, head of digital assets research at VanEck, highlights this trend in his analysis, revealing how these countries are seeking alternative means to circumvent the potential disruptions caused by trade disputes. 🇨🇳🇷🇺 💰