tldr; Iran has reportedly begun charging oil tankers a $1-per-barrel toll in Bitcoin to transit the Strait of Hormuz during a two-week ceasefire with the U.S. Tankers must submit cargo details and pay on-chain; a fully loaded supertanker could owe about $2 million, or roughly 28 BTC. At normal traffic, Iran could collect about 282 BTC daily. The article says Bitcoin rose on the news, but notes major uncertainty over enforcement and whether the ceasefire—and toll system—will last.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
thenelston on
iran and saylor competing for a race down to 0
DBRiMatt on
This is good for Bitcoin.
okeleydokelyneighbor on
So will the US now do what they can to crash that market so all the money they collect turns to dust? Stay tuned, same bat time, same bat channel.
OneRobotBoii on
Stop falling for this bullshit. Every time something happens some “news” comes out how this relates to bitcoin and there’s never a clear source linked to this.
Stop reading only headlines.
mjmeyer23 on
lol…. if this turn out to be true, the west is going to end up wishing it had either killed Bitcoin when it could or let Iran go ahead and have the nukes.
it still may take decades to unravel, but the future for the petrodollar isn’t looking good.
Appropriate_Set_409 on
reasonable thing to do is pump btc so they get less per ship.
6M66 on
I am glad to see Btc is being used.
Whiskey_Water on
Iran is the real crypto president? Funny timeline.
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tldr; Iran has reportedly begun charging oil tankers a $1-per-barrel toll in Bitcoin to transit the Strait of Hormuz during a two-week ceasefire with the U.S. Tankers must submit cargo details and pay on-chain; a fully loaded supertanker could owe about $2 million, or roughly 28 BTC. At normal traffic, Iran could collect about 282 BTC daily. The article says Bitcoin rose on the news, but notes major uncertainty over enforcement and whether the ceasefire—and toll system—will last.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
iran and saylor competing for a race down to 0
This is good for Bitcoin.
So will the US now do what they can to crash that market so all the money they collect turns to dust? Stay tuned, same bat time, same bat channel.
Stop falling for this bullshit. Every time something happens some “news” comes out how this relates to bitcoin and there’s never a clear source linked to this.
Stop reading only headlines.
lol…. if this turn out to be true, the west is going to end up wishing it had either killed Bitcoin when it could or let Iran go ahead and have the nukes.
it still may take decades to unravel, but the future for the petrodollar isn’t looking good.
reasonable thing to do is pump btc so they get less per ship.
I am glad to see Btc is being used.
Iran is the real crypto president? Funny timeline.