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This is probably the biggest real-world application of Bitcoin recently. 20% of the world's oil is transported through the Strait of Hormuz. Iran is now leveraging one of the most critical shipping chokepoints on Earth, using Bitcoin as a settlement layer to monetize it. The bypassing of the petrodollar is no longer just a theory. Bitcoin game theory is unfolding in real time. This is a nation directly using BTC to bypass SWIFT, OFAC, and the entire U.S. dollar clearing system. The U.S. controls the dollar. No one controls Bitcoin.

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