China and Russia Use Bitcoin for Energy Trade Settlements: Implications for Geopolitics and Crypto

China and Russia are reportedly leveraging Bitcoin to settle energy trade transactions, a development signaling significant progress towards crypto adoption at the national level. This move, confirmed by VanEck, could potentially challenge the U.S. dollar’s dominance in global finance. Analysis suggests this shift could open new avenues for nations seeking financial independence from the U.S., particularly those facing sanctions or pursuing alternatives to traditional currencies.