George Mekhail

Oh man.

Yeah, so in order to pass through the straight, you have to pay in Bitcoin up to $2 million per ship, right?

And so it's the first time, actually, I think on a global scale that Bitcoin's being really tested.

And actually, I wouldn't even call it a test.

I think, I mean, really, if you look back at the history of Bitcoin,

2011 when satoshi disappeared it was over the wikileaks uh thing remember so wikileaks got cut off from the banking system all their credit cards got shut down they couldn't accept donations and bitcoin was like brand new a couple years old and wikileaks is like all right well we're just gonna start accepting bitcoin then that's that's it's censorship resistant we're not bank accounts and this is what actually freaked satoshi out and this is ultimately why he disappeared he's like this is too early we're not ready for this and uh and so he dipped and

And so that was the actual test.

Now what we're seeing in Iran is this is an institutional asset.

It's already been tested.

It's already been proven.

And when you're a sanctioned country like Iran, they're basically saying, well, we're not going to accept dollars, right?

We're at war with the country that controls the US dollar.

So we're going to accept Bitcoin instead.

And they can now do that with no tracking of the assets that they're bringing in.

And no one can take that money away from them.

Right.

So it's fascinating.

I mean, really, regardless of where you're at politically, you have to examine this and be like, why is this happening and how is this different?

So I think that's going to change kind of the shape of the four-year cycle.

Yeah, the metals have been trading like crazy.