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Analysis: After Iran's epic "strengthening" of Bitcoin, approximately 4,000 BTC are expected to be received during the ceasefire period
ME News Report, April 8th (UTC+8), today Iran empowered Bitcoin through the Strait of Hormuz, requiring shipping companies to pay transit fees in Bitcoin during a two-week ceasefire period for oil tankers passing through the strait, with a fee of $1 per barrel of oil, and empty tankers passing for free. “Once the email arrives and Iran completes the assessment, ships will have a few seconds to pay in Bitcoin, ensuring they cannot be tracked or confiscated due to sanctions.” According to authoritative sources from the International Energy Agency (IEA), if the Hormuz traffic resumes to previous levels during the ceasefire, approximately 20 million barrels of crude oil and petroleum products will pass daily, and Iran will receive 20 million USD worth of Bitcoin. During the two-week ceasefire, it is estimated that Iran will receive 280 million USD in Bitcoin, which is approximately 4,000 coins at current prices. BlockBeats notes that the analysis is purely theoretical, based on normal daily traffic. Actual traffic may vary significantly due to free passage for empty tankers, enforcement, or current geopolitical factors. Additionally, the implementation of the Bitcoin transit fee scheme remains to be observed. (Source: BlockBeats)