The role of Bitcoin and similar crypto currencies in global trade becomes increasingly visible. According to Matthew Sigel, Head of Vaneck Digital Asset Studies, countries like China and Russia are now using crypto currencies such as Bitcoin, Ether and Tether in energy trade. This development is considered a concrete sign of the search for alternatives to the dominance of the US dollar in global trade. According to experts, Bitcoin is not only an investment tool, but also in the process of evolving as a functional payment method.
Used for Bitcoin Energy Trade
According to Matthew Sigel’s statements, crypto currencies are now preferred in energy transactions between China and Russia. Leading digital assets such as Bitcoin, Ether and Tether began to replace traditional currencies. Sigel emphasizes that this is not only a technical innovation, but also a political and economic strategy. The effort to reduce dependence on the US dollar has actually implemented in some countries.
This tendency suggests that global trade has entered a new era. Countries that want to get away from the US -led financial system, are implementing alternative payment systems. In this context, the increasing use of crypto currencies is not only a technological revolution; It is also interpreted as a reflection of the search for economic sovereignty.
Bitcoin stands out as the value of the dollar decreases
According to Sigel, the decrease in the US Dollar Index strengthens Bitcoin’s position as a value storage tool. The loose monetary policy followed by the US Federal Reserve (FED) and the rising global liquidity are an atmosphere in favor of Bitcoin. Under these circumstances, investors’ tendency to turn to alternative assets draws attention.
Experts, geopolitical tensions at a time, the depreciation of the dollar, especially in developing countries, triggers new financial solutions, he says. With the decrease in the value of China’s local currency Yuan, investors’ orientation to digital assets such as Bitcoin reveals that crypto currencies are not only seen as speculative tools, but also as safe ports.
New economic strategies on the table
The US customs duties and trade policies implemented tension in global markets. This leads to many countries to develop new strategies to get out of the dollar -centered system. Vaneck expert Sigel says that some countries are already working on alternative economic models.
The fact that digital assets have more space in global trade may cause states to reshape economic policies. This situation is not limited to short -term trade moves, but can also affect long -term global balances. Analysts argue that crypto currencies become an official trade tool and create a new balance in international trade.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
