Iran is offering Bitcoin through the Strait of Hormuz: Will the price reach $100,000?

One geopolitical announcement may have caused the entire value of Bitcoin to be rewritten. Iran now says it wants ships passing through the Strait of Hormuz to pay a fee for the use of Bitcoin, at the same time turning the country’s most important waterway into a corridor of life for cryptocurrency communities.

According to a report published in the newspaper Financial Times and confirmed by Bitcoin Magazine reportHamid Hosseini, a spokesman for the Iranian Oil, Gas and Petrochemical Products Exporters Association, confirmed that the fee was set at $1 per barrel, meaning that a fully loaded tanker could face fines of close to $2 million per trip.

Ships only have a few seconds to complete payment once approved; This narrow time frame is specifically designed to ensure that the activity cannot be tracked or caught under existing sanctions. This decision is in effect during the two-week ceasefire, and empty tanks are exempt from this fine.

BTC had already jumped $ 72,000 on the issue of the cessation of hostilities alone, coming back strongly from $ 67,000 that took place during the weekend of Trump on April 4. The Hormuz tariff announcement adds a second contribution of a different nature, strengthening the role of Bitcoin in the geopolitical architecture.

Bitcoin Price Prediction: Hormuz Taxes and Geopolitical Challenges

Bitcoin’s upcoming technical setup this week was already encouraging. The price regained the level of $ 69,000 on Monday after a large change between $ 65,000 and $ 74,000 linked to the update of the Epic Fury hit by the movement of oil prices.

The support has been clearly defined by the buying orders of institutions that are settling in the area of ​​$65,800-66,000, which occurred at the peak of the risk in early April. Although the resistance is at the levels of $71,000-$75,000, which is the range where BTC is stuck.

In contrast, oil fell by 16% from a peak of more than $100 per barrel when signs of an end to the war appeared, leading to gains that often benefit risky commodities. The stability of Bitcoin compared to stocks during the rise of Hormuz shows a chaotic behavior that gives a systematic reading.

If the ceasefire holds in the entire window of two weeks, and the Hormuz fee begins processing the life of Bitcoin outgoing, the issue of parenting will be on fire, and the price will then target the level of $100,000, as experts say that level especially if the risk mentality continues.

The cease-fire lasts for about 12 days. Every day that passes is the day that the Bitcoin currency is answered, and the day that the concept of “Bitcoin as an independent payment system” takes hold. Time flies.

Bitcoin Hyper deals with the prospect of Bitcoin

Bitcoin at $71,000 is a strong point, but a move to $100,000 from that level creates about 40% upside for the position holders. For traders who missed the rise from $65,000, this difference may seem more attractive than it seems. This begs the question: Where are the chances of success in Bitcoin startups?

Submit a project Bitcoin Hyper ($HYPER) A strong case for this type of income distribution. As the first Bitcoin Group 2 to integrate with the Solana Virtual Machine (SVM), this project aims to overcome the central weaknesses of Bitcoin, where the network is known for its slow stability, high fees, and lack of smart contracts.

The integration of the SVM machine is the technical demonstration of the project, which provides a processing time of less than one second, a speed that surpasses the Solana network alone, with a lower cost and an internationally accepted bridge for Bitcoin transfers.

The previous sale was successful in the collection 32 million At the current price of $0.0136 Each token is $HYPER, with high annual returns during the pre-sale period. If the Strait of Hormuz toll story supports the interest of organizations and individuals in the Bitcoin infrastructure sector, then the second layer projects in their initial stages will take this interest before it is reflected in the price of Bitcoin itself.

A note Iran is offering Bitcoin through the Strait of Hormuz: Will the price reach $100,000? appeared for the first time Cryptonews Arabic.

Source link