VanEck Digital Asset Research Head, Matthew Sigel, highlighted in a blog post on the company’s website on April 8, 2025, that China and Russia have reportedly begun to settle some energy transactions using Bitcoin and other digital assets. This move is seen as a step to reduce the reliance on the US Dollar, as both countries are exploring dedollarization efforts amid the trade tensions during the Trump administration.
Bolivia has also announced plans to import electricity using crypto, while the French electric company EDF is considering mining Bitcoin due to excess electricity. These developments indicate a shift in Bitcoin’s role from a speculative asset to a functional monetary tool in economies seeking to avoid the dollar and reduce exposure to the US-led financial system.
Investors are advised to monitor the policy changes from the US Federal Reserve, as a more moderate approach to interest rates and increased liquidity historically have been positive for Bitcoin. The US Dollar Index remains a key signal, measuring the dollar’s value against a basket of six major currencies.
The ongoing weakening of the US dollar could strengthen Bitcoin’s narrative as a hedge, especially in a fragmented geopolitical environment. It is crucial to keep an eye on how these trends unfold in the global economy.
