Bitcoin plays a dual role in the global economy. In Russia, it helps circumvent sanctions, while in the USA, investors worry about instability.
How Russia Uses Bitcoin to Circumvent Sanctions
Russian oil companies found a way to sell oil to China and India using cryptocurrencies like Bitcoin, Ethereum, and Tether, thus continuing trade despite Western sanctions.
Investment Outflows from Bitcoin ETFs in the USA
Despite high prices, U.S. investors are withdrawing funds from Bitcoin ETFs, with $870 million in outflows over the last week, linked to economic instability and global events.
Connecting These Two Stories
Bitcoin demonstrates its versatility as both a tool for international trade and an investment asset. In Russia, it solves practical problems, while in the USA, it shows volatility and investor uncertainty.
These events highlight Bitcoin's dual nature: as a means for international trade and an investment tool. Its significance is growing at the intersection of geopolitics and finance.
