Bitcoin for Oil?
AI Summary
Iran is reportedly demanding Bitcoin tolls for ships passing through the Strait of Hormuz, demonstrating Bitcoin's censorship-resistant properties at a geopolitical level. Meanwhile, Morgan Stanley launched its own Bitcoin ETF seeing $30.6M in first-day inflows, highlighting crypto's mainstream adoption despite its moral ambiguity.
Key Facts
Author Takes
Bitcoin censorship resistance
Iran using Bitcoin for sanctions evasion proves Bitcoin's censorship-resistant value proposition and product-market fit
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