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Iran, Bitcoin & the Strait of Hormuz: a geopolitical signal, not a payment revolution

A proposal, $BTC (-0,39%) for toll payments in the Strait of Hormuz is less a practical payment innovation than a geopolitical signal that shows how sanctioned states could $BTC (-0,39%) could test as a censorship-resistant settlement layer and alternative infrastructure outside the dollar system.


At its core, this is not about #bitcoin as a day-to-day payment system, but about increasing monetary fragmentation: while this may increase the relevance of $BTC (-0,39%) in sanctioned or fragmented systems, it also reinforces regulatory concerns about potential circumvention use.


In the long term, the idea of a "$BTC (-0,39%)-economy" remains limited; it is more likely to be $BTC (-0,39%) as a reserve-based or intermediary settlement layer in a parallel financial system - not as a direct unit of account for critical trade flows.


$BITC (+2,48%)

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6 ComentĂĄrios

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The fallback currency of the rogue states 😁
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@BeachPlease All that's missing is the addition: "Funny Internet Money u can buy Drugs with" then all the clichĂ©s would be served. 😂
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@BeachPlease I also see this rather critically, it does not necessarily serve the standing of Bitcoin if it is associated with such actions
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@Greno In my view, this is another asset class, as I think capitalistically. The euro is through, hence the higher standing of gold and BTC.
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@BeachPlease You're basically right that it's another asset class. But I believe that the better the reputation of the asset, the broader its use and social acceptance.
And such "crook" use cases are not conducive to this.
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Premium. I can finally commute to Dubai again with the dinghy 😂
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