🚨 This is quietly serious 😳 Iran is set to impose tolls on vessels passing through the Strait of Hormuz: - Targeting oil tankers - No US dollars allowed - Payment in yuan or stablecoins Approximately 20% of the world’s oil passes through this strait—payment outside the dollar is becoming a reality. In other words: Increased demand for stablecoins = Greater entry points for capital into the crypto market This is a medium-to-long-term positive factor for BTC 🔥 #Bitcoin
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.