"Nations Absorb Bitcoin"... 'Liquidity Explosion' Scenario Ignited by Iran's Toll

▲ Iran, USA, Bitcoin (BTC)/ChatGPT generated image

As Bitcoin (BTC) recovers the $70,000 mark and attempts to stabilize, the combination of nation-state adoption movements and the entry of major global financial institutions into the market is fueling expectations of unprecedented liquidity expansion.

On April 9 (local time), the cryptocurrency-specialized YouTube channel Altcoin Daily analyzed in a released video that Bitcoin is emerging as a means of inter-state payment beyond a mere asset, thus changing geopolitical structures. Amid news that US President Donald Trump agreed to a two-week truce with Iran, Iran's proposal to collect tolls for the Strait of Hormuz in Bitcoin has emerged as a key market variable.

Iran is reportedly considering demanding approximately $2 million per oil transport vessel in Bitcoin. If converted to an annual basis, this amounts to roughly 1.3 million BTC, a scale that could significantly disrupt the current global Bitcoin supply structure.

If this plan materializes, Bitcoin would simultaneously strengthen its role as both a national treasury asset and a means of payment. This would create a new demand structure significantly exceeding the global daily mining volume of approximately 450 BTC, potentially leading to a sharp increase in supply pressure.

Global macroeconomist Raoul Pal diagnosed that the market has now entered a 'banana zone,' moving according to global liquidity cycles rather than being halving-centric. He suggested that even if a price correction of up to 35% occurs in the short term, the upward trend could be maintained, and a strong bull market could continue until the first half of 2026.

Institutional finance participation is also accelerating. Morgan Stanley officially entered the market by launching a Bitcoin spot ETF, recording approximately $30 million in trading volume on its first day. It is pursuing a strategy to attract high-net-worth funds through its network of approximately 16,000 financial advisors and plans to expand its business into custody and lending services in the future.

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