Analysis: After Iran's epic "strengthening" of Bitcoin, an estimated 4,000 BTC are expected to be received during the ceasefire period

ME News message. On April 8 (UTC+8), Iran strongly empowered Bitcoin through the Strait of Hormuz, requiring shipping companies to pay Bitcoin-denominated transit fees for oil-laden tankers passing through the strait during a two-week ceasefire period. The fee is 1 USD per barrel of oil; empty tankers can pass for free. “Once the email arrives and Iran completes its assessment, the vessels will be given a few seconds to make the Bitcoin payment, ensuring they cannot be tracked or confiscated due to sanctions.” Based on estimates from authoritative sources at the International Energy Agency (IEA), if Hormuz traffic resumes to previous levels during the ceasefire, about 20 million barrels of crude oil and petroleum products will pass each day, and Iran will receive 20 million USD worth of Bitcoin for this. During the two-week ceasefire, Iran is expected to receive 280 million USD in Bitcoin, which is approximately 4,000 coins at current prices. BlockBeats notes that the analysis is purely theoretical and based on normal weekday traffic. Actual flow may differ significantly due to factors such as free passage for empty tankers, enforcement, or current geopolitical conditions. In addition, the rollout status of the Bitcoin transit-fee scheme remains to be observed. (Source: BlockBeats)