🔗 Crypto & Blockchain

Iran's $2 Million Bitcoin Demand: The Strait of Hormuz Toll That Could Shake Oil Markets

Picture this: a supertanker loaded with 2 million barrels of oil, facing a $2 million Bitcoin invoice just to squeeze through the Strait of Hormuz. Iran's not joking—it's demanding crypto tolls now.

Oil supertanker approaching Strait of Hormuz with Bitcoin payment overlay and Iranian flag

⚡ Key Takeaways

  • Iran demands Bitcoin payments for Strait of Hormuz oil tanker tolls—$1/barrel, up to $2M per ship—highlighting BTC's sanctions-proof appeal. 𝕏
  • White House report debunks banks' stablecoin yield ban argument, boosting crypto legislation odds. 𝕏
  • Morgan Stanley's MSBT ETF launches strong at $33.9M volume, fueling $2.4B daily spot BTC ETF trading. 𝕏
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Originally reported by Decrypt

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