Table of Contents

The role of Bitcoin as an alternative monetary instrument is evolving rapidly. According to a recent blog post by VanEck, an increasing number of energy transactions between China and Russia are now being settled in Bitcoin (BTC). In parallel, Russian companies are increasingly using cryptocurrencies for international trade—a shift that marks a major development in global finance and could potentially challenge the dominance of the U.S. dollar.

China and Russia Embrace Bitcoin in Cross-Border Trade

Elvira Nabiullina, Governor of the Central Bank of Russia, confirmed that Russian firms are actively experimenting with digital assets for foreign trade. This move appears to be a direct response to mounting U.S. sanctions.

The use of Bitcoin in international payments is significant, especially alongside reports that Russia and China are settling energy deals using BTC. According to Matthew Sigel, Head of Digital Assets Research at VanEck:

“These are early signs that Bitcoin is evolving from a speculative asset into a functional monetary tool—particularly in economies that are actively trying to circumvent the dollar and minimize exposure to U.S.-controlled financial systems.”

De-Dollarization: A Catalyst for Crypto Adoption

This trend is not limited to China and Russia. Countries like Bolivia and energy giants such as France’s EDF are also exploring crypto-based use cases.

Bolivia is considering using crypto for electricity imports.
EDF is studying ways to utilize surplus electricity for Bitcoin mining.

In Pakistan, similar developments are emerging. According to Matt Hougan of Bitwise, the declining value of the U.S. dollar is a key factor driving this momentum. The U.S. Dollar Index (DXY) has fallen over 7% since the start of the year, making Bitcoin increasingly attractive as a hedge.

Geopolitical Shifts Fuel Crypto’s Global Rise

Rising geopolitical tensions, especially due to Donald Trump’s intensifying trade war, are accelerating global interest in crypto solutions. The integration of Bitcoin into international trade between major powers like Russia and China sends a strong signal.

More countries—either out of necessity or strategic intent—are beginning to adopt cryptocurrencies to reduce reliance on U.S.-led financial systems. This trend points to a global pivot toward a more fragmented financial structure, where Bitcoin and crypto assets play an increasingly central role.

Conclusion: A Turning Point for the Global Financial Order?

The growing use of Bitcoin in cross-border energy trade, combined with the de-dollarization efforts of major economies, may mark the beginning of a new financial paradigm. As traditional economic powers search for alternatives to the U.S. dollar, Bitcoin is emerging as a credible, neutral, and decentralized option.

If current trends continue, we may be witnessing the birth of a multipolar monetary system, with crypto at its core.

Author
Recent Posts

Madeline

I have been drawn to technology and science fiction since I was a child. Studying IT has drawn me to the world of cryptocurrencies, where I have been working since 2014. I have learned a lot since then. And I still have a lot to learn. What fascinates me most about them is that they connect so many worlds together and the possibility of free choice. Without limits.