Rising geopolitical tensions and the rates of the Donald Trump administration insist on reconsidering Nations to reconsider their dependence on the American financial system.
A new report From investment management company Vaneck emphasizes how the American maintenance of trade and financial infrastructure stimulates an increased interest in neutral payment systems. Once theoretically considered, these settlement rails are now being tested in real-world scenarios.
This has led to Bitcoin steadily popping up as a practical financial instrument instead of just a speculative property for countries that want to reduce dependence on the US dollar.
According to Vaneck, China and Russia lead this pivot lead because they have resolved certain energy trade with the help of Bitcoin and other digital assets.
This confirms a previous one CryptoSlate Report, which said that Russian oil companies used crypto for oil trade with China and India, because they wanted to circumvent Western sanctions.
Market analyst Jonathan Hammel explained that confidence in American financial dominance began to erode in 2022 when the federal government froze Russian reserves and blocked access to Dollar Clearing systems. That decision, he argues, marked a turning point, which accelerates worldwide interest in alternative networks such as Bitcoin.
He written:
“The American government crossed the Rubicon in 2022 by seizing and blocking the Russian assets in the Federal Reserve to act the USD network (Western banks, Swift, etc.). By doing this, they (then the Biden Admin) only worsened the current trade walk.”
In the meantime, this shift is not limited to the world’s greatest economies. Bolivia is considering using crypto to pay for energy import, while the French energy giant EDF Bitcoin -Mybouw is investigating to use excess electricity that would otherwise be exported to Germany.
Matthew Sigel van Vaneck points to these examples as early indicators of the evolving role of Bitcoin in global finances. The digital currency, he explains, wins grip on markets that want to minimize exposure to dollars and want to navigate the financial frameworks led by the US.
