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

ME News Report, April 8 (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 vessels passing through the strait. The fee is set at $1 per barrel of oil, with empty tankers allowed to pass 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 flow resumes to previous levels during the ceasefire, approximately 20 million barrels of crude oil and petroleum products will pass daily. Iran would receive $20 million in Bitcoin for this, totaling an estimated $280 million in Bitcoin during the two-week ceasefire, roughly equivalent to 4,000 coins at current prices. BlockBeats notes that the analysis is purely theoretical, based on normal daily traffic. Actual flow may vary significantly due to factors such as empty tankers being exempt from fees, enforcement, or current geopolitical conditions. Additionally, the implementation of the Bitcoin transit fee scheme remains to be observed. (Source: BlockBeats)