He stated that he would only believe that Iran is accepting Bitcoin (BTC) as toll for the ships passing through the Strait of Hormuz if he can spot any transaction linked to a vessel making such a payment.

“I’ll believe Iran is charging a toll in $BTC when I see a tx linked to a vessel’s toll payment,” he wrote in post on X. “Otherwise it’s just the IRGC trolling the western filthy fiat financial system.”https://x.com/CryptoHayes/status/2042056580750045482

Bitcoin’s price edged 0.2% higher in the last 24 hours, holding above the $71,000 mark. Retail sentiment around the apex cryptocurrency on Stocktwits dipped to ‘neutral’ from ‘bullish’ over the past day. Chatter stayed at ‘normal’ levels.

What Is Iran’s Bitcoin-Based Toll Mechanism?

According to the Financial Times report, Iran plans to closely monitor all vessels passing through the strait during the cease-fire period to prevent the transport of weapons or prohibited goods

Hamid Hosseini, a spokesman for Iran's Oil, Gas, and Petrochemical Products Exporters' Union, said tankers are required to email authorities with details of their cargo in advance. Once the email is cleared, officials assess the shipment and determine a toll, set at $1 per barrel of oil, while empty tankers are allowed free passage.

Once approval is granted, vessels must make payments within seconds using Bitcoin, a method he said is intended to avoid tracking or confiscation amid ongoing international sanctions, ensuring the system remains functional despite financial restrictions.
source: https://www.tradingview.com/news/stocktwits:a6ecac20e094b:0/