Bitcoin

This meeting fits into a larger trend of geopolitical fragmentation, where major powers are exploring alternatives to the US-dominated financial system. Russia and China have been advancing de-dollarization efforts and experimenting with CBDCs, which could indirectly reinforce Bitcoin's narrative as a non-sovereign store of value. However, the SCO's official stance is not anti-West, so the impact is likely gradual and long-term.

Russian and Chinese leaders are scheduled to meet at the Shanghai Cooperation Organisation summit.