Bitcoin for Oil?

The Defiant··5 min read
Crypto/Web3FinancePolitics
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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

Iran reportedly demands Bitcoin tolls up to $2M per vessel for Strait of Hormuz transit, demonstrating crypto's censorship-resistant properties in geopolitics.
Morgan Stanley launched MSBT Bitcoin ETF with $30.6M first-day inflows, competing directly with BlackRock's $55B IBIT fund.
Securitize and Keyrock predict distributed RWA market will grow from $29B today to $400B by 2030, driven by Hyperliquid's perpetual futures expansion.

Author Takes

BullishThe Defiant

Bitcoin censorship resistance

Iran using Bitcoin for sanctions evasion proves Bitcoin's censorship-resistant value proposition and product-market fit

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