Iran Hormuz Toll Plan Draws Bitcoin Focus as Polymarket Eyes Deal
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Iran codified Hormuz tolls, with reports saying Bitcoin may be one payment option.
On-chain data has not shown Bitcoin moving at the scale needed for tanker tolls.
Polymarket priced a 62% chance of a permanent U.S.-Iran deal by May 31.
Iran’s parliament has codified a toll system for the Strait of Hormuz, and reports claim Bitcoin is among the payment options. The development has drawn attention because the waterway carries about 21 million barrels of oil a day, or nearly one-fifth of
On-chain data has not shown Bitcoin moving at the scale needed for tanker tolls.
Polymarket priced a 62% chance of a permanent U.S.-Iran deal by May 31.
Iran’s parliament has codified a toll system for the Strait of Hormuz, and reports claim Bitcoin is among the payment options. The development has drawn attention because the waterway carries about 21 million barrels of oil a day, or nearly one-fifth of
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