As geopolitical developments in the Middle East continue to intersect with cryptocurrency markets, claims that Iran demanded Bitcoin payments through the Strait of Hormuz have attracted attention.
According to one analysis, if the current ceasefire continues and Iran demands Bitcoin transit fees for oil tankers, the country could gain around $4,000. $BTC within two weeks.
According to reports, Iran could pay Bitcoin demand of $1 per barrel from oil tankers passing through the Strait of Hormuz during the two-week ceasefire period. This would mean a mandatory tax for full tankers, while empty tankers would be allowed to pass for free. The payment process would be very fast and conducting transactions via Bitcoin would make it more difficult to track or seize assets subject to sanctions.
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According to estimates based on data from the International Energy Agency, if oil traffic in the Strait of Hormuz returned to normal during the ceasefire, around 20 million barrels of oil and petroleum products could be transported daily. In this scenario, Iran could earn around $20 million worth of Bitcoin daily, with a total revenue of $280 million over two weeks. This amount is equivalent to approximately 4,000 $BTC at current prices.
It should be noted, however, that these calculations are purely theoretical and based on normal market conditions. Factors such as the exemption of empty tankers, whether this practice will be implemented and the extent to which existing geopolitical risks in the region will affect maritime traffic could significantly change the final figures. Additionally, there is no official confirmation yet regarding the actual implementation of the Bitcoin toll payment system.
*This does not constitute investment advice.
