Iran's acceptance of Bitcoin for payment of oil transportation has made the traditional financial system irrelevant.This is not speculation or a conspiracy. This is happening now and most are still unaware of how this will affect their wealth, investments, and global trade in general. Let me explain everything to you in plain terms. Once you understand this, you will never be able to get it out of your head.<h2>What's Actually Happening in the Strait of Hormuz</h2>Iran possesses authority over one of the largest waterways on the planet. Approximately 20% of the world’s oil is transported through this waterway every day. However, to use this waterway, a ship must receive permission to do so. Furthermore, obtaining permission to sail through the Strait of Hormuz is expensive and the payment must be made with Cryptocurrency. Tankers are using cryptocurrency to pay for permission to pass through the Strait of Hormuz. This method provides a quick and clean way of making payments without relying on banks, therefore, Washington cannot see the transaction taking place. The most interesting part is that after making payments, Iran sells the cryptocurrencies received from tanker operators at a discount to China. The discounts range from 5%-15 % below the market value of the Cryptocurrency. When paying for the discounted Cryptocurrency, China pays Iran with a combination of Yuan and US dollars. Thus, Iran was able to convert its digital asset (Cryptocurrency) immediately and exchange it for cash, while at the same time providing China with an immediate advantage and completely bypassing all Western sanctions designed to cripple Iran's economy. Thus, it is straightforward, elegant and extremely effective.<h2>Why China Is Smiling Right Now</h2>China has been developing a replacement for the traditional international banking network without much publicity for a considerable period of time and, at first, most Western analysts did not appear to be very interested positive about it. The current deal with China provides: 1st stage: Lower cost of energy (buying cheaper crypto with oil shipping rights) will put China in a much better position in terms of its role regarding an important global energy corridor and will enable China considerable power/ability to influence its political power via digital currency. 2nd stage: Yuan Internationalization. For every single transaction where the Yuan passes from one person to another, it represents yet another incremental step toward recognizing the Yuan as a global currency. China is carrying out this process of deliberately removing the U.S. from its dollar hegemony slowly over time. 3rd stage: Agility of sanctions (making its supply chain sanction resistant). If China can use blockchain networks rather than traditional banking systems to move its imported/exported goods via crypto, it will make it more challenging for the U.S. to impose sanctions against China in future geopolitical disputes. China has begun stressing testing the entire system using Iran as a testing partner.<h2>What This Means For The Rest Of Us</h2>I’m guessing you are wondering how all this is going to directly affect you - it will affect you directly and it is going to have an impact on you, here's how. The USD is not only the global currency but also how you can keep your savings (investments) and the reason why America can keep running such large deficits with little to no immediate negative effects. It has also created a kind of artificial “roof” over all your daily financial activities and every trade that gets done without the USD is everyone else chipping away at that roof on their way to create a natural barrier so no longer can anything be done without the USD (slowly) and then can be done without the USD (quickly). History has shown other countries have gone through similar types of transition in the past; the British pound once held this same reserve class and it didn’t happen overnight; it took a series of approximately one hundred trades that were made and a dozen of minor changes and then once it happened no longer was it the preeminent reserve currency in the world. Iran and China have now added to their own individual histories, both of whom engaged in another method of conducting trade that generally does not add to or assist the interests of the United States of America or the USD.<h2>The Three Things You Should Watch Right Now</h2>The currency conversion volume between Yuan and cryptocurrencies must be monitored closely; it is an important indicator of how many people are switching out of the U.S. dollar (referred to as soft currencies) to use different methods of trade - quietly, without newspaper coverage. Which other countries will imitate Iran? Russia has done it already, while some are currently trying (i.e., Venezuela). When OPEC nations begin allowing their energy assets to be exchanged for cryptocurrencies, the utility of the U.S. dollar as the reserve currency will greatly decline. According to the evidence we currently have, the price of Bitcoin has started tracking more closely with global geopolitical stress events instead of following Vanilla tech stocks as it has typically done. Therefore, when we see adjustments to Bitcoin prices occurring more frequently along side news regarding sanctions or energy policy changes, this evidence should suggest to investors that there has been a fundamental shift in the perception of crypto as a viable option for investment purposes.<h2>Conclusion</h2>Iran has set the financial rules aside; all the other nations who joined in the United States’ effort to stop Iran have also abrogated their individual countries’ financial standards, but the one thing that will help make this happen is China’s willingness to do so as well. There’s no reason for anybody to panic over this situation; it is simply an opportunity for all of us to take advantage of what will happen with the shipping industry moving through the Strait of Hormuz and try to get a good deal. People are starting to look at the assets that they have, the currency that they want to use, and how they will interact with the future, and the only way to do that is to know how far along we are today compared to how far we would have been otherwise. Act now!

Tankers are using cryptocurrency to pay for permission to pass through the Strait of Hormuz. 

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