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He previously proposed using BTC to collect tolls for the Strait of Hormuz, and this "oil + cryptocurrency settlement" narrative may be rekindled after the escalation of the situation, reigniting expectations for the premium of BTC's "sovereign-level settlement scenarios."
If tensions continue to rise, some funds may use BTC as an "anti-sanction, bypassing the U.S. dollar system" alternative settlement tool, creating structural positive factors, but the realization of this narrative requires ongoing policy signals, and it is unlikely to reverse the downward trend in the short term. $BTC $ETH