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#BTC
Crypto folks have already calculated how much new BTC supply Iran could absorb if it starts accepting Bitcoin as payment for passage through the Strait of Hormuz
A $1 fee per barrel of oil is about $20 million per day. At current rates, that’s around 281 BTC
Bitcoin’s daily issuance is 450 BTC
Thus, Iran could be absorbing about 62% of all newly issued supply
At the same time, Bitcoin is more advantageous than stablecoins (because it can’t be frozen at the snap of a finger from Washington) $BTC