The role of Bitcoin
82,901 and similar cryptocurrencies in global trade is becoming increasingly visible. According to Matthew Sigel, the Head of Digital Asset Research at VanEck, countries like China and Russia are now utilizing cryptocurrencies such as Bitcoin, Ether, and Tether for energy trade. This development is seen as a tangible sign of the search for alternatives to the dominance of the U.S. dollar in global commerce. Experts suggest that Bitcoin is evolving into a functional payment method, not just an investment vehicle.
Bitcoin is Being Used for Energy Trade
Sigel’s statements indicate that cryptocurrencies are being preferred, particularly in energy transactions between China and Russia. Prominent digital assets like Bitcoin, Ether, and Tether are beginning to replace traditional currencies. Sigel emphasizes that this is not merely a technical innovation, but also a political and economic strategy. The effort to reduce dependency on the U.S. dollar is already being implemented in some countries. This trend suggests that global trade is entering a new era. Countries seeking to distance themselves from the current financial system led by the U.S. are implementing alternative payment systems. In this context, the increasing use of cryptocurrencies is interpreted not only as a technological development but also as a reflection of the quest for economic sovereignty.
As the Dollar Weakens, Bitcoin Is Gaining Ground
According to Sigel, the observed decline in the U.S. Dollar Index is strengthening Bitcoin’s position as a store of value. The loose monetary policy followed by the U.S. Federal Reserve and rising global liquidity are creating a favorable atmosphere for Bitcoin. Under these conditions, there is a noticeable trend of investors leaning towards alternative assets. Experts note that the depreciation of the dollar, especially in developing countries, is triggering new financial solutions amid rising geopolitical tensions. The decline in the value of China’s local currency, yuan, has led investors to turn to digital assets like Bitcoin, indicating that cryptocurrencies are being viewed not just as speculative instruments but also as safe havens.
New Economic Strategies Are in Play
The tariffs and trade policies implemented by the U.S. are escalating tensions in global markets. This has prompted many countries to devise new strategies to break away from a dollar-centric system. VanEck’s Sigel expresses that some nations have already begun working on alternative economic models. The increasing presence of digital assets in global trade may lead to a reshaping of government economic policies. This situation is not limited to short-term trading maneuvers but has the potential to affect long-term global balances as well. Some suggest that the formal adoption of cryptocurrencies as trading instruments could establish a new equilibrium in international trade.