Previously, Iran proposed using BTC to collect tolls for passing through the Strait of Hormuz. This "oil + cryptocurrency settlement" narrative may be reignited after the escalation of the situation, reigniting expectations for BTC's "sovereign-level settlement scenario" premium.


If tensions continue to rise, some funds may use BTC as an "anti-sanction, bypassing the US dollar system" alternative settlement tool, creating structural positive effects. However, the realization of this narrative requires ongoing policy signals, and it is difficult to reverse the downward trend in the short term. $BTC $ETH
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