Latest / Simply Bitcoin / Iran Just Put a Bitcoin Toll on The World's Oil Supply! (The Petrodollar Is DONE) | Simply Originals

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Iran Just Put a Bitcoin Toll on The World's Oil Supply! (The Petrodollar Is DONE) | Simply Originals · Simply Bitcoin

• 0:00
  OK, I need everyone to stop because Iran just put a Bitcoin
• 0:06
  toll on the world's oil supply. A nation under some of the most
• 0:11
  severe sanctions in human history built a toll booth at
• 0:16
  the choke point that controls 20% of the world's oil supply.
• 0:21
  It runs on Bitcoin. The payment window is 3 seconds.
• 0:25
  The late fee is getting blown up in the country with the most
• 0:29
  powerful Navy in human history. Can't turn it off.
• 0:33
  I have been sitting in this chair.
• 0:36
  Well, we got rid of the old one. I had to get a new one.
• 0:38
  But I've been telling you for years that Bitcoin would
• 0:40
  eventually be used by nation states, not because it was
• 0:44
  popular, but because they had no other choice.
• 0:47
  I said it would be used by countries that were locked out
• 0:50
  of the dollar system. I said it would have to be used
• 0:54
  to settle real value between real adversaries without any
• 0:58
  banks permission. And now a sanctioned nation
• 1:02
  installed a Bitcoin toll booth at the world's most important
• 1:05
  oil checkpoint. They're collecting.
• 1:08
  The numbers are in. And it's more bullish than you
• 1:11
  could imagine. Welcome back.
• 1:13
  I'm Rustin, and it would appear that today is the most important
• 1:16
  Bitcoin story in the history of this channel.
• 1:18
  So let's get into it. Send it.
• 1:25
  They're creating a secondary economy in the world, totally
• 1:29
  independent of the United States.
• 1:30
  We won't have to talk about sanctions in five years because
• 1:33
  there'll be so many countries transacting in currencies other
• 1:35
  than the dollar that that we won't have the ability to
• 1:38
  sanction them. All right, let me set the scene
• 1:41
  because some of you have seen the headline about this, but I
• 1:44
  don't think the scale has landed yet.
• 1:47
  The Strait of Hormuz, roughly 20% of the world's oil flows
• 1:51
  through this waterway, 20%. Before this conflict, 130 to 135
• 1:58
  ships were crossing every single day.
• 2:01
  Now, under Iran's new rules, only 10 to 15 ships can transit
• 2:05
  per day. That's a 90% reduction in
• 2:09
  capacity at the single most strategically important oil
• 2:13
  checkpoint on the planet. Here's how the new system works.
• 2:17
  Tankers must e-mail Iranian authorities in advance with full
• 2:21
  cargo details. They submit to background
• 2:24
  checks. They follow designated routes
• 2:26
  along Iran's coastline. They receive approval from
• 2:29
  Iran's Supreme National Security Council.
• 2:31
  And then when it's time to pay, they get a window of only a few
• 2:35
  seconds to transmit the payment in Bitcoin.
• 2:39
  A few seconds. Any vessel attempting
• 2:42
  unauthorized transit quote will be destroyed.
• 2:46
  So just to recap, Iran just built a toll booth, a Bitcoin
• 2:51
  toll booth that runs on Bitcoin. It has a few second payment
• 2:54
  window and a consequence clause. That's genuinely one of the most
• 2:59
  metal things I've ever reported on in my life.
• 3:05
  Now mainstream finance is covering the oil angle.
• 3:09
  Andre Jiek just dropped a video that got million and a half
• 3:12
  views on the dollar replacement angle.
• 3:15
  And it's a great video. I watched it.
• 3:17
  But here's what every general finance channel misses.
• 3:21
  They don't go deep on the Bitcoin part.
• 3:23
  They don't understand what it means that Iran specifically
• 3:27
  chose Bitcoin like Ralphie on Valentine.
• 3:31
  I Choo Choo choose you. Not the yuan, not gold, not
• 3:35
  their own currency. We see what happened to that
• 3:39
  Iran currency. It's, it's pretty bad Bitcoin.
• 3:42
  That's the whole story and we're going to tell it.
• 3:45
  Let's do some 10th grade math because the numbers are
• 3:48
  absolutely insane and I want to make sure you feel them.
• 3:52
  Iran stole $1.00 per barrel of oil.
• 3:56
  Empty tankers pass for free. Loaded crude tankers $1.00 per
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  barrel. The largest crude oil tankers in
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  the world carry approximately 3,000,000 barrels.
• 4:08
  That's $3,000,000 per ship in Bitcoin.
• 4:13
  At the conservative $1.00 per barrel rate using pre war
• 4:17
  traffic flows, Iran would be collecting roughly 20 million
• 4:21
  per day in Bitcoin. That's approximately 281 Bitcoin
• 4:26
  per day. Now here's where I really need
• 4:29
  you to lock in. The entire Bitcoin network mines
• 4:33
  approximately 450 Bitcoin per day total global.
• 4:37
  That is the complete new supply entering the entire market from
• 4:42
  every miner on earth. 1 geopolitical toll booth could
• 4:46
  theoretically absorb 62% of all new Bitcoin supply every single
• 4:54
  day, and there's a more aggressive number floating
• 4:57
  around that puts the per ship toll at 2 million.
• 5:01
  At that rate, with pre war traffic levels, 130 ships per
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  day, Iran would be accumulating 3611 Bitcoin per day over
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  108,000 Bitcoin per month. That is 8 times the total
• 5:15
  monthly mining supply every month through one tollbooth.
• 5:20
  I think I saw somebody on Twitter describe this as a
• 5:22
  sanctioned nation building a Bitcoin treasury through a
• 5:26
  tollbooth, which is accurate. That's just that is what's
• 5:29
  happening. Now a quick note on the numbers.
• 5:32
  The specific figures are still being verified and reported.
• 5:36
  Some sources say a dollar a barrel, some say 2 million flat
• 5:40
  per ship. The exact math will get refined,
• 5:42
  but the mechanism is confirmed, the Bitcoin payment demand is
• 5:46
  confirmed, and even at the conservative #62% of new supply
• 5:51
  from one choke point, this is the most significant supply side
• 5:56
  Bitcoin story since the halving, since micro strategy, since the
• 6:02
  ETFs. And they alone could accumulate
• 6:05
  a million Bitcoin in approximately 1 year.
• 6:08
  And you're not bullish? And here's a detail I love.
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  Iran didn't just wake up last week and decide to accept
• 6:15
  Bitcoin. Bloomberg reported that over the
• 6:18
  last five years, Iran has been using Bitcoin mining as a
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  sanctions escape hatch. At their peak, they were
• 6:25
  responsible for 6 to 8% of global hash rate.
• 6:30
  Is like Iran, for example, last five years they've been using
• 6:34
  Bitcoin mining as a way to get around sanctions.
• 6:36
  So there was they almost hit about 6 to 8% of global mining.
• 6:40
  If you look at, you know, chain analysis and chain links data
• 6:43
  was related to was global mining.
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  About 6 to 8% of that was was Iran.
• 6:49
  And almost about 70% of the Iranian miners were owned by the
• 6:52
  IRGC. So they were using mining as a
• 6:54
  way of getting around sanctions for a while, right?
• 6:57
  So there are countries like that.
• 6:59
  They're countries like Russia that have used stable coins and
• 7:02
  and crypto tokens as a way to get around sanctions.
• 7:05
  But on the flip side, they've been countries like Lebanon,
• 7:07
  which unfortunately is caught up in this war, decimated, You
• 7:11
  know, GDP is down 40 percent, 300 or so.
• 7:13
  Banks are closed. I mean, forget about the, the,
• 7:15
  the, you know, you cannot find a teller.
• 7:17
  The whole building is being blown out, right?
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  6 to 8% of the entire network from a country under some of the
• 7:23
  most aggressive sanctions in history.
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  They were turning cheap, subsidized Iranian energy,
• 7:30
  energy that Western sanctions couldn't touch, directly into
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  unconfiscatable digital money quietly for five years.
• 7:38
  The tollbooth isn't the beginning, it's the graduation.
• 7:42
  Let me address the obvious question.
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  Why Bitcoin? Why not?
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  You won? Iran has a massive oil
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  relationship with China. Why not just demand you want?
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  And this is where I want you to pay close attention, because
• 7:58
  this is the part that the mainstream finance channels
• 8:01
  literally can't explain because they don't understand Bitcoin.
• 8:05
  No bank can freeze Bitcoin funds.
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  No intermediary can censor it. No foreign government can seize
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  it mid transaction. Bitcoin represents something
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  entirely different, a neutral, permissionless settlement layer
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  that exists outside traditional geopolitical control.
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  Iran has been locked out of SWIFT, the global banking
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  messaging system, since 2012. They've had oil tankers seized,
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  accounts frozen, gold held hostage in foreign vaults.
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  And then in 2022, Russia invaded Ukraine, and the United States
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  and Europe cut Russia from SWIFT almost overnight.
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  A nuclear power financially neutered in 48 hours.
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  Every nation on Earth took note, especially every nation that
• 8:55
  thought we might be next. So why not yuan?
• 8:59
  Because if China controls the settlement currency, every
• 9:04
  nation using it is now dependent on China's goodwill.
• 9:08
  If China has a bad week and wants to freeze your payment,
• 9:11
  they can. You just traded 1 dependency for
• 9:15
  another. Bitcoin solves the trust problem
• 9:19
  because nobody controls it. Let me give you the most quoted
• 9:22
  line from this whole story because I think it deserves to
• 9:25
  be said out loud. Right now, Bitcoin is for
• 9:29
  enemies. It's almost like Bitcoin is for
• 9:32
  enemies, because no state controls it, and no state can
• 9:36
  stop another state from using it.
• 9:39
  Think about that. I ran in the United States.
• 9:42
  Genuine adversaries can both transact on the same network.
• 9:47
  Neither can shut the other out. Neither can freeze the other's
• 9:51
  funds. The protocol doesn't
• 9:53
  discriminate by nationality, by political system, by religion,
• 9:58
  or by how many sanctions you're under.
• 10:01
  And when stable coins came up as an alternative, someone put it
• 10:04
  perfectly. If stable coins can be frozen by
• 10:06
  the US, and they can, they've done it before, then neutral
• 10:09
  settlement matters. Bitcoin is the obvious
• 10:12
  candidate. Again, Iran chose the obvious
• 10:16
  candidate. The yield on Bitcoin is freedom.
• 10:20
  OK, history lesson. And I promise this is not
• 10:23
  boring, because it's about to explain everything that's
• 10:26
  happening in the news right now. It starts in 1971.
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  Nixon closes the gold window. The dollar is no longer backed
• 10:36
  by gold. It's just paper.
• 10:38
  So the obvious question becomes, what gives it value?
• 10:42
  Enter Henry Kissinger in 1974. And this is genuinely wild when
• 10:48
  you think about it. Kissinger cuts a deal with the
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  Saudis. A simple deal.
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  Saudi Arabia prices its oil exclusively in U.S. dollars.
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  In return, the US provides military protection for the
• 11:00
  Saudi regime. Now, because every country on
• 11:03
  earth needs oil, and oil is priced in dollars, every country
• 11:07
  on earth needs to hold dollars. The dollar is the oil.
• 11:12
  This is the Petro dollar system, and it's held together for 52
• 11:17
  years. Here's what that meant in
• 11:19
  practice. America could print dollars,
• 11:22
  export them to the world, and get real goods in return.
• 11:25
  We got cheap oil, cheap imports, and we could run deficits that
• 11:29
  would have destroyed any other country.
• 11:32
  But here's the thing that the establishment never puts out on
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  the front page. The entire system depends on one
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  promise. the United States military guarantees safe, free
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  passage through global shipping lanes.
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  That is the deal. That has always been the deal.
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  You hold our currency. We protect your trade routes.
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  Iran just demonstrated in front of every nation on earth that
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  the United States cannot guarantee that 130 ships a day
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  down to 10 oil executives in a panic, Trump begging seven
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  nations to send warships, the US asking for help to keep a
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  waterway open that it promised to keep open.
• 12:13
  And Oh well, that is happening. Iran is quietly stacking
• 12:18
  Bitcoin. If Iran gets away with this, if
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  this becomes normalized, you have the blueprint for every
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  sanctioned nation, for every Bricks member worried about
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  future financial exclusion, for every country that's been told
• 12:34
  play by our rules or lose access, the blueprint now says
• 12:40
  just use Bitcoin. Oh, and one more detail I nearly
• 12:44
  forgot to mention because it is Jeff's kiss irony.
• 12:48
  Trump has apparently floated a joint venture to share the toll
• 12:52
  revenue with Iran rather than opposing the toll outright.
• 12:56
  So the American president is considering partnering with a
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  sanctioned nation on a Bitcoin toll booth that undermines the
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  dollar. I don't have a joke for that
• 13:05
  when it's just the news. All right, this is where we get
• 13:08
  into the future. And I want to be clear, I'm not
• 13:10
  going to speculate wildly. I'm going to walk you through
• 13:13
  the game theory because Bitcoin is game theory crystallized into
• 13:18
  code, and this situation plays out in a very predictable way.
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  Step one, Iran demonstrates that a sanctioned nation can build
• 13:28
  sovereign Bitcoin wealth through a geographic choke point.
• 13:32
  This works. The world is watching.
• 13:34
  Step 2. Every other nation in a similar
• 13:37
  position draws the same conclusion.
• 13:39
  Venezuela, North Korea, Belarus, every country that's been
• 13:43
  financially excluded, they now have a proven playbook.
• 13:47
  You don't need to wait for the UN.
• 13:49
  You don't need to wait for Bricks to design a new currency.
• 13:52
  You find leverage and you use Bitcoin.
• 13:55
  Step 3 Bricks members who aren't currently sanctioned start
• 13:59
  asking, could we? Could we be saying, could we be
• 14:02
  next? Do we want to be dependent on a
• 14:04
  system that can be turned off like a light switch?
• 14:07
  What's our exit strategy? Step four and here's the
• 14:10
  beautiful chaotic irony. the United States already made
• 14:12
  Bitcoin a strategic reserve asset.
• 14:14
  America is officially, allegedly accumulating Bitcoin.
• 14:19
  So now you have the world's largest economy allegedly
• 14:24
  accumulating Bitcoin as a reserve asset, and its primary
• 14:28
  adversary in this conflict also accumulating Bitcoin as a
• 14:32
  reserve asset through a toll booth.
• 14:34
  America can't shut down. Both sides of the most
• 14:38
  significant geopolitical conflict in decades are racing
• 14:41
  towards the same asset. When the stakes are real,
• 14:46
  Bitcoin gets chosen. Bitcoin is increasingly emerging
• 14:50
  as the global shelling point for money.
• 14:53
  The shelling point is the solution people naturally
• 14:57
  coordinate toward when they can't communicate or trust each
• 15:00
  other. You need something neutral,
• 15:02
  something no one controls, something that doesn't pick
• 15:05
  sides. Before this week, that was a
• 15:08
  theoretical argument. Now it has a data point.
• 15:12
  A real nation under real pressure chose Bitcoin over
• 15:17
  every other option. And the game theory says the
• 15:20
  moment even one significant player moves, the landscape
• 15:25
  shifts. Everyone else has to
• 15:27
  recalculate. The first significant player
• 15:31
  just moved. Welcome to the Petro Sat era.
• 15:35
  Welcome to the beginning. All right, let's take about 30
• 15:39
  seconds here because I need to diagnose something.
• 15:43
  For years, years, Doctor Dante talked about this.
• 15:47
  We've had financial commentators, economists,
• 15:50
  central bankers, various credentialed journalists, people
• 15:53
  telling us Bitcoin has no real world use cases, it's rat
• 15:58
  poison, it's for criminals. Nation states would never use
• 16:00
  it. The diagnosis It is clear
• 16:03
  Bitcoin Derangement Syndrome stage 4.
• 16:06
  Please find your nearest exit at GFY.
• 16:09
  Here's the treatment. Watch a sanctioned nation build
• 16:13
  a sovereign treasury through a toll booth using Bitcoin at the
• 16:17
  world's most strategically important oil passage while
• 16:20
  simultaneously the United States government holds Bitcoin in
• 16:25
  reserves. I genuinely hope some of these
• 16:27
  people are watching this right now.
• 16:29
  Not because I want to be mean, though I do, but because this
• 16:33
  moment I ran Hormuz. It's the cure.
• 16:36
  Hormuz just made Bitcoin easier to understand.
• 16:39
  That is an actual quote from this week and it's accurate.
• 16:43
  The most complicated asset class just got a 2 sentence use case
• 16:47
  that even a central banker can follow. the US dollar system
• 16:51
  requires trust and military might.
• 16:54
  Just a function. Both of those are now visibly
• 16:57
  shakable. Bitcoin requires neither.
• 16:59
  That's the whole pitch demonstrated in real time at an
• 17:04
  oil. So beautiful.
• 17:08
  But OK, let me bring this back to you because I know some of
• 17:11
  you are excited, some of you anxious, and that's the right
• 17:14
  answer. Both of those things.
• 17:16
  Here's what this means in practice #1 self custody is not
• 17:21
  optional. The time to visit the Bitcoin
• 17:23
  way is now, because if Bitcoin is now being used as a
• 17:28
  geopolitical settlement layer, and it is, then you need to
• 17:32
  understand that the same property that makes it work for
• 17:35
  Iran makes it work for you. Bitcoin held in self custody
• 17:39
  cannot be frozen, seized, restricted.
• 17:42
  Bitcoin held on an exchange, That exchange is 1 government
• 17:45
  letter away from freezing your account.
• 17:48
  Iran can't hold Bitcoin in AUS bank, but they can hold it in
• 17:53
  self custody. You should too.
• 17:55
  Hardware wallet, your keys, your coins.
• 17:58
  The Bitcoin way set you up with ironclad self custody, proper
• 18:02
  hardware, your own node, full on chain verification.
• 18:06
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• 18:08
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• 18:25
  generational wealth. Book a free 30 minute
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  consultation right now using that QR code or the link in the
• 18:32
  show notes and begin your journey towards Bitcoin
• 18:35
  sovereignty today. The Bitcoin way #2 this is not
• 18:38
  the top. I want to say this clearly.
• 18:41
  A sanctioned nation just validated Bitcoin as a sovereign
• 18:46
  settlement currency in front of the entire world.
• 18:50
  The wave that follows this nation states competing to
• 18:53
  accumulate before the supply gets tighter, The Petro dollar
• 18:57
  losing its monopoly on the global oil trade.
• 19:00
  That wave is building and you want to be positioned before it
• 19:04
  arrives #3 stick, don't panic, don't FOMO into a leveraged
• 19:10
  position, don't go on margin, dollar cost, average stack,
• 19:15
  stats. Hold your own keys.
• 19:17
  The game theory of this moment is working in your favor over
• 19:21
  the long time horizon. The yield on Bitcoin is freedom
• 19:24
  and freedom just got a real world demand surge from an
• 19:28
  unexpected direction stack accordingly.
• 19:31
  Oh just then we have a breaking hyperinflation alert Ladies and
• 19:35
  gentlemen, what did this war cost so far?
• 19:38
  Well, it cost about 5 weeks 31 billion.
• 19:41
  Thirteen dead, 300 plus wounded. In short, they're going to
• 19:45
  debase you into poverty. So if you ever need liquidity,
• 19:50
  possibly just to buy groceries in 2026, you can make loans to
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  yourself and pay them off on your own time.
• 19:57
  Here's something most Bitcoin holders never figure out until
• 19:59
  it's too late. You're sitting on wealth you
• 20:01
  can't touch without selling, and selling means taxes, taxes mean
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  bombs, and selling means exiting your position.
• 20:09
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  interest. You get auto top up protection,
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  All right now, here's what I want you to take away from
• 21:08
  today. A war happened in that war,
• 21:10
  whatever its causes, whatever its consequences, accidentally
• 21:14
  proved something that Bitcoin maximalists have been saying
• 21:17
  since Satoshi published the white paper.
• 21:20
  When trust breaks down between nations, when the dollar system
• 21:24
  can't deliver on its promises, when a country needs to move
• 21:27
  value across borders that adversaries want to block,
• 21:30
  Bitcoin works. Not crypto.
• 21:32
  Not stable coins. Those get frozen with a
• 21:35
  government letter and a phone call.
• 21:37
  Not gold. You can't send gold at the speed
• 21:40
  of light and receive it in seconds.
• 21:41
  Bitcoin. The Strait of Hormuz just made
• 21:44
  the world's most expensive Bitcoin lesson.
• 21:47
  And the students this time are not retail investors.
• 21:50
  They're governments. Oh wait, are you kidding right
• 21:53
  now? You came this far.
• 21:55
  Look at our likes 3 or 4 times maybe.
• 21:58
  I pump those numbers up. Those are rookie numbers in this
• 22:00
  racket. It would also appear that people
• 22:02
  in government are building bunkers and preparing for
• 22:05
  Armageddon despite the ceasefire and the economy allegedly
• 22:08
  booming. Yeah, booming.
• 22:10
  You may want to as well, and our friends over at SAT 123 have got
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• 22:37
  Pay the like toll, subscribe, give us a PAMP and share this
• 22:41
  with someone who still thinks Bitcoin has no real world use
• 22:44
  case because apparently it's the preferred settlement currency of
• 22:49
  nation states trying to build sovereign wealth while dodging
• 22:51
  the most powerful military on earth.
• 22:53
  Pretty solid use case. I'm rusting the yield on Bitcoin
• 22:57
  is freedom. I hope you all have an amazing
• 22:59
  weekend. Love you guys, catch you next
• 23:00
  time. If you prefer to go down with
• 23:03
  the ship.