If oil tankers passing through the Strait of Hormuz are required to pay with Bitcoin, how terrifying is that?


The Strait of Hormuz is the world's oil artery, and during peacetime, approximately 21 million barrels of oil pass through daily. It is truly the global oil chokepoint.
If Iran charges a $1 security fee per barrel and only accepts Bitcoin, that amounts to $21 million daily, or $7.6 billion a year.
At current Bitcoin prices, that's about 110k BTC gained for free annually.
BTC1,48%
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