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. image

Replies (14)

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FRANCOPHONIE 1 month ago
L'Iran vient d'annoncer au monde entier qu'il rouvrirait le détroit d'Ormuz aux pétroliers, mais uniquement si le paiement de la cargaison est effectué en yuan chinois. Pas en dollars. C'est le signe le plus clair à ce jour que le système du pétrodollar est en train de se fracturer, et que la proposition de valeur du bitcoin en tant que monnaie neutre et non souveraine n'a jamais été aussi forte. 20 % du pétrole mondial transite par Ormuz. Cela représente 21 millions de barils par jour. Et aujourd'hui, un goulet d'étranglement pétrolier majeur est utilisé pour forcer un changement de devise, loin du dollar. 1. L'Iran bloque la plupart du trafic de pétroliers transitant par Ormuz dans le cadre du conflit avec les États-Unis et Israël 2. La Chine est déjà le premier acheteur de pétrole de l'Iran, une contrepartie toute trouvée pour les règlements en yuan 3. La Russie, l'Arabie saoudite et le Brésil ont tous réglé leurs transactions énergétiques hors dollar au cours des deux dernières années Le pétrodollar ne disparaît pas d'un seul coup. Il est progressivement érodé, accord bilatéral après accord bilatéral, par des pays qui souhaitent se libérer d'une monnaie contrôlée par Washington. Mais passer du dollar au yuan revient simplement à troquer un maître contre un autre. La seule monnaie qu'aucun gouvernement ne peut utiliser comme arme, geler ou dévaluer par l'inflation est le bitcoin. 21 millions. Pas de frontières. Pas de sanctions. Pas de conditions. View quoted note →
DecBytes's avatar
DecBytes 1 month ago
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.
I’m not sure that’s true anymore in a world of supersonic missiles and drone swarms. We haven’t seen a carrier group tested yet because of the risk the US would escalate to nuclear but it’s not clear we can defend them against these new weapons.
1776's avatar
1776 1 month ago
We need to precede any such reports with “Media 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 the real agenda. This is a war between the financial and military industrial complexes and the shift to a multipolar world, while still allowing the dominant players to save face and cooperate on a global system of full spectrum dominance over their populations. Not a war between Israel and the US vs Iran. It is just the canvas, not the painting that will emerge.
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Rio 1 month ago
that's the real question. what do you think fills that void if the leverage disappears?