China, Russia Settle Energy Trades in Bitcoin – VanEck Report

Matthew Sigel, Head of Digital Assets Research at VanEck, has revealed that China and Russia are now using Bitcoin to settle energy transactions, a move sparked by President Trump’s new tariffs on China and the European Union (EU). A report from the global investment management firm indicates that the Trump administration’s April 2 tariff package, aimed at imports from China and the EU, has rekindled global trade tensions and heightened the risk of monetary and geopolitical fragmentation. Following the announcement, Bitcoin saw a drop from $85k to around $81k and continued to decline over the weekend. However, it has still The post China, Russia Settle Energy Trades in Bitcoin – VanEck Report first appeared on The Shib Daily source: https://news.shib.io/2025/04/10/china-russia-settle-energy-trades-in-bitcoin-vaneck-report/?utm_source=rss&utm_medium=rss&utm_campaign=china-russia-settle-energy-trades-in-bitcoin-vaneck-report