Bitcoin and Sanctions | Why Iran Will Become the Next Orange State
Manage episode 337851213 series 3227554
Russian overlord, Vladimir Putin showed the world US dollars can be frozen when national strategic objectives conflict with America’s. Iran has long felt the business end of American and European Union-led sanctions. Still, Bitcoin and other cryptocurrencies are allowing Russia, North Korea, Iran, and other nations on the monetary naughty list to circumvent severe financial restrictions.
Will Iran become the next Orange state? On August 9th Iran was able to import goods after using $10M in crypto for purchases. Iran contributes to nearly 5% of global Bitcoin mining allowing the country to generate almost a billion dollars in revenue. Will Bitcoin become a rouge tender trading outside the realm of SWIFT and the IMF? Or will the United States use BTC to UPGRADE AMERICA? We’re also discussing Why did FBI kick in the door waving the M4 @Trump’s estate? What were they looking for? Will these charges stick and how could this play to the former President’s advantage?
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