Iran’s $1 Million $BTC Mandate
We have reached the point of no return. Iran’s decision to collect a $1-per-barrel toll in $BTC from ships passing the Strait of Hormuz is the first time a sovereign nation has institutionalized crypto for essential global trade.
Bitwise analysts are now projecting a $1 million target if this toll system holds. As long as 20% of the world's oil is tied to a Bitcoin transaction, the scarcity model is on steroids.
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