So let’s get this straight.
Iran is reportedly charging up to $2,000,000 per ship to pass through the Strait of Hormuz, with some payments requested in cryptocurrency like Bitcoin—though in practice, it may also involve yuan or stablecoins.
Before the crisis, around 100–130 ships crossed daily, but traffic is currently far lower due to tensions and restrictions.
While this creates a new revenue stream, claims that Iran would accumulate massive amounts of Bitcoin—such as exceeding global mining output—are exaggerated and not supported by available data.
Still, the situation highlights something important: in times of geopolitical tension and sanctions, alternative payment systems like Bitcoin are being explored because they operate outside traditional financial controls.
Bitcoin isn’t “unstoppable” in every sense, but it is one of the few global assets that can move across borders without relying on centralized systems.
@CZ @Binance Angels #freedomofmoney #IranHormuzCryptoFees