China and EU Retaliation to US Tariffs May Boost Crypto Adoption
- Matthew Sigel from VanEck suggests new US tariffs could accelerate Bitcoin adoption.
- China and Russia are settling some energy transactions using Bitcoin.
- Bolivia plans to import energy using cryptocurrency.
- French utility EDF is exploring Bitcoin mining with surplus electricity.
- The US Dollar Index (DXY) and BTC ETF inflows are key indicators for crypto markets.
Matthew Sigel, head of digital assets research at VanEck, indicates that retaliatory measures by China and the EU against US tariffs may enhance the strategic use of digital assets like Bitcoin in global trade. He highlights ongoing energy transactions using cryptocurrencies by countries such as China, Russia, and Bolivia.
Source (2.6)https://dailyhodl.com/2025/04/06/vaneck-analyst-says-retaliatory-steps-from-china-and-eu-could-boost-narrative-for-crypto-heres-why/?rand=59076
