Russia’s energy chief has floated the possibility of China and Turkey paying for oil and gas in Bitcoin rather than USD.
Energy is the single most important commodity that Russia exports — and is a key energy source in Europe and other countries they are finding difficult to replace. According toIncluding electricity, kerosene, coal, and natural gas, the energy trade accounted for 53.8% of Russia’s total $388.
4 billion in 2021 exports according toThe crypto market appears to have reacted positively to the news of an expanded international use case for BTC. Bitcoin is up 2.5% over the past day and is now approaching 30-day highs trading at $43,917 according toThe CEO Larry Fink of Blackrock, the world’s largest asset manager, may be watching his prediction of a new digital payment system come to fruition before his eyes. Fink wrote in a Mar.
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