If Iran’s Bitcoin Request via the Strait of Hormuz Were to Become a Reality, How Much BTC Would Iran Receive? Here’s the Unconventional Calculation

As geopolitical developments in the Middle East continue to intersect with cryptocurrency markets, claims that Iran demanded Bitcoin payments via the Strait of Hormuz have attracted attention.

According to an analysis, if the current ceasefire continues and Iran were to demand transit fees in Bitcoin for oil tankers, the country could earn approximately 4,000 BTC within two weeks.

According to reports, Iran may demand payment in Bitcoin for $1 per barrel from oil tankers passing through the Strait of Hormuz during the two-week ceasefire period. This would mean a mandatory fee for full tankers, while empty tankers would be allowed to pass free of charge. The payment process would reportedly be very fast, and conducting transactions via Bitcoin would make it more difficult to track or seize assets under sanctions.

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According to estimates based on data from the International Energy Agency, if oil traffic in the Strait of Hormuz returns to normal during the ceasefire, approximately 20 million barrels of oil and petroleum products could be transported daily. In this scenario, Iran could earn approximately $20 million worth of Bitcoin daily, with a total income of $280 million over two weeks. This amount is equivalent to approximately 4,000 BTC at current prices.

However, it should be noted that these calculations are purely theoretical and based on normal market conditions. Factors such as the exemption of empty tankers, whether the practice will be implemented, and the extent to which existing geopolitical risks in the region will affect maritime traffic could significantly alter the final figures. Furthermore, there is no official confirmation yet on whether the Bitcoin toll payment system will actually be implemented.

*This is not investment advice.

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