Iran Accepts Bitcoin for Strait of Hormuz Shipping Tolls
Game changer. Iran will now accept Bitcoin for shipping tolls at the Strait of Hormuz.
Why Bitcoin? Iran cites BTC's non-freezable nature versus centralized stablecoins. Yuan and dollar-pegged stablecoins are also accepted.
This is sovereign adoption in real time.
Meanwhile, institutional demand is exploding:
MicroStrategy bought 34,164 BTC ($2.54B) last week
US spot Bitcoin ETFs: nine consecutive net inflow days totaling $2.12B
BlackRock's IBIT recorded $970M in a single session
Bitcoin is testing $78,000-$80,000. Exchange reserves fell ~1% last month. Supply is tightening.
The question is no longer "if" sovereigns adopt Bitcoin. It's "when" the next one follows.
$BTC
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