Bitcoin is showcasing its dual roles: as a real trade tool for Russia and an investment volatility point in the U.S.
How Russia Uses Bitcoin to Sell Oil
Russian oil companies have turned to cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) to facilitate trade with China and India, allowing the continuation of their extensive oil business despite sanctions.
U.S. Bitcoin ETFs Lose Money Despite High Prices
In the United States, despite Bitcoin's high price of $85,000, investors are withdrawing from ETFs, resulting in a $870 million loss over the past week. This is attributed to broader economic uncertainty.
Connecting Bitcoin's Global Stories
These distinct scenarios demonstrate Bitcoin's dual roles: a practical business tool for some and a volatile investment for others. These developments highlight Bitcoin’s multifaceted potential in the global economy.
By linking these stories, Bitcoin emerges as both a practical international trade tool and a complex investment vehicle, with a growing role in geopolitical and financial dynamics.
