Damus
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TFTC
@TFTC
Iran just told the world it will reopen the Strait of Hormuz to oil tankers, but only if the cargo is paid for in Chinese yuan. Not dollars.

This is the clearest signal yet that the petrodollar system is fracturing, and that bitcoin's value proposition as neutral, non-sovereign money has never been stronger.

20% of the world's oil flows through Hormuz. That's 21 million barrels per day. And now a major oil chokepoint is being used to force a currency switch away from the dollar.

1. Iran is blocking most tanker traffic through Hormuz amid the conflict with the US and Israel

2. China is already Iran's largest oil buyer, a ready-made counterparty for yuan settlement

3. Russia, Saudi Arabia, and Brazil have all been settling energy trades outside the dollar over the past two years

The petrodollar isn't dying in one dramatic moment. It's being chipped away, one bilateral deal at a time, by countries that want out of a currency controlled by Washington.

But running from the dollar to the yuan is just switching one master for another. The only money no government can weaponize, freeze, or inflate away is bitcoin.

21 million. No borders. No sanctions. No strings.
124❀️17πŸ€™6❀️2πŸ”₯1πŸš€1
Bitcoin4all · 1d
I think that’s fud
DecBytes · 1d
Talking smack without any basis to follow through. The reality is that the USA controls the seas. They are the only one that is able to prevent or allow sea traffic. And the current administration is willing to use that power.
Wealth Squad Jay · 1d
Is this not a big deal ? πŸ˜‚ cause I would assume so.. countries opting out of the dollar
π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) · 1d
Lmao They can demand anything they want We gonna destroy the country before the happens
Aitor Angualia · 1d
Is this even true?
Ord Deutscher · 1d
Sheesh well let’s see. Everything is nothing, these days.
BlueWizard · 1d
Boomers hide heads in sand. Not knowing or caring Time is up old folks
1776 · 1d
We need to precede any such reports with β€œMedia outlets report that…”. We have no idea the chess game really being played. I thought the dog of war was thick during desert storm. This time around, with the full power of social media available to them, the powers that be are no doubt obscuring ...
El Hodlero · 1d
Total USD fud