The recent VanEck report has come out, revealing that China and Russia have been using Bitcoin to settle energy trades. This has happened soon after Donald Trump’s latest tariffs that targeted imports from China and other countries.
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The announcement was revealed through a paper written by Matthew Sigel, Head of Digital Assets Research at VanEck. It sheds light on reports that China and Russia have been settling energy transactions in terms of Bitcoin and other digital assets.
Additional countries involved in Bitcoin as a mode of transaction include Bolivia, which has announced plans to import electricity using crypto. French energy utility EDF is also exploring ways to mine Bitcoin with surplus energy currently exported from Germany.
The report further added that this method is applied to “looking to bypass the dollar and reduce exposure to U.S.-led financial systems.”
Matthew has also highlighted indicators that investors should look out for. The key signal to keep an eye on is reportedly the U.S. Dollar Index (DXY) as any sustained weakness may indicate a stronger foundation for the narrative highlighting Bitcoin-as-a-hedge.
Those looking for alternative assets that could also pull people out of the financial turmoil should also consider checking out the best crypto to buy now given in this article.
Russia-China crypto-driven energy trade deal signals that Bitcoin is slowly breaking through and becoming more than a speculative asset. If Bitcoin gains more prominence, the following altcoins could be used to capitalize on the upcoming bull run.
The rising global prominence of Bitcoin within governments would accelerate the development of friendly regulations for the industry, thereby making BTC more relevant. This could be taken advantage of with the right meme coin, and that’s where BTC Bull steps in.
BTC Bull is a meme coin project that could be best described as a strong social movement to strengthen the Bitcoin community with more bulls. It has aligned many of its mechanics to follow Bitcoin’s growing trajectory, ensuring that every time BTC grows, there is something happening within the community.
One utility is token burn, which would limit the supply of BTC Bull and tap into the supply-demand dynamics to grow in value, and another one is Bitcoin airdrops, which will give BTC Bull holders access to Bitcoins.
The dual utility factor might not give BTC Bull a long-term value, since it plays on the speculative nature of Bitcoin. However, it surprisingly also means it sticks true to its meme coin roots, which makes it a social asset that could move up and down in value based on community response. For this reason, it could be one of the best cryptos to buy now.
Described as the ultimate content creation platform, SUBBD is a cryptocurrency project leveraging AI technologies to give multiple benefits to both content creators and their fans.
Per the official whitepaper, it gives content creators and fans the Web3 tools to connect directly, share exclusive content and unlock new forms of engagement. Instrumental to this is the native crypto of the same name. And considering the project already has a network of over 250 million, it could become one of the best decentralized equivalents of sites like OnlyFans to date.
The platform gives content creators access to AI tools that they can then use to streamline content creation, payment and request fulfillment process. It essentially offers a new way to interact with the “Create to Earn” economy. For fans, it is a way to get access to exclusive content, and gain access to exclusive discounts thanks to SUBBD token.
There are also staking rewards available. However, they go beyond the standard APY perks but focus on XP platform multipliers that involve special platform rewards and other perks. Loyalty rewards and exclusive perks are also there for fans to enjoy and the platform will also give users access to upcoming launches.
As Bitcoin makes a comeback, utility projects like SUBBD will generate momentum. That could yield long-term profits for those who invest in the project today.
As the market continues to recover, more investors may be coming towards Bitcoin. The new buyers among them could start looking for better solutions to store crypto, which makes Best Wallet one of the best solutions to consider.
Powered by the Best Wallet Token, Best Wallet is a multi-utility cryptocurrency wallet offering many perks, including staking, buying and selling cryptocurrencies, participating in upcoming crypto ICOs, and more.
These perks make Best Wallet less of a traditional wallet and more of a cryptocurrency ecosystem, which focuses on providing users a better way to interact with the cryptocurrency space without getting embroiled in complications.
Furthermore, the platform is very open to engaging with the cryptocurrency community, not shying away from offering users tutorials via its official social media channels.
China’s and Russia’s Bitcoin for energy exchange could result in even more countries stepping up to adopt Bitcoin as a way to go against the dollar. It can be said that Donald Trump’s recent trade policies have had people relying on cryptocurrency solutions to make themselves more independent.
This could result in Bitcoin’s growth, bringing eyes on new and innovative projects that could grow in value. The options listed in this article are some of the best cryptos to buy now. Each has its own unique strengths which could be leveraged in the next bull run to go up in value.
This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.
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