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If Iran’s demand for Bitcoin transfers through the Strait of Hormuz is implemented, how much BTC will Iran receive? Here is an unusual calculation
As geopolitical events in the Middle East continue to intersect with cryptocurrency markets, claims that Iran demanded payments in Bitcoin for passage through the Strait of Hormuz have drawn attention.
According to the analysis, if the current ceasefire holds and Iran charges transit fees for oil tanker shipments in Bitcoin, the country could earn approximately 4,000 $BTC over a two-week period.
According to reports, Iran may require a Bitcoin payment of 1 dollar per barrel from oil tankers passing through the Strait of Hormuz during a two-week ceasefire period. This would mean a mandatory fee for fully loaded tankers, while empty tankers would be allowed to pass free of charge. Reportedly, the payment process would be very fast, and conducting transactions in Bitcoin would make it harder to trace or seize assets subject to sanctions.
According to estimates based on data from the International Energy Agency, if oil traffic through the Strait of Hormuz returns to normal during the ceasefire, around 20 million barrels of oil and petroleum products could be transported daily. Under this scenario, Iran could earn approximately 20 million dollars in Bitcoin per day, with total revenue over two weeks reaching 280 million dollars. This amount is equivalent to roughly 4,000 $BTC at current prices.
However, it should be noted that these calculations are purely theoretical and are based on normal market conditions. Factors such as the exemption of empty tankers from tariffs, whether this practice is actually implemented, and the extent to which existing geopolitical risks in the region affect maritime transport could significantly alter the final figures. In addition, there is currently no official confirmation as to whether the Bitcoin toll payment system will actually be introduced.
