Why bitcoin dropped sharply below $77,000

#bitcoin #crypto #iran #economy #finance
May 18th, 2026 - Iran may be attempting something that bitcoin supporters and critics have debated for years, using bitcoin to operate outside the traditional global financial system.

In this episode of The Daily Wolf, Scott Melker breaks down reports surrounding “Hormuz Safe,” a proposed crypto-based maritime insurance system tied to the Strait of Hormuz that could potentially use Bitcoin and stablecoins to facilitate payments outside of SWIFT and US-controlled banking infrastructure.


Chapters
00:00 Bitcoin drops below $77,000
02:03 Michael Saylor buys another $2 billion in Bitcoin
05:25 Iran’s Bitcoin proposal explained
08:12 Why censorship resistance makes Bitcoin controversial
09:57 Bhutan’s surprising Bitcoin strategy
13:03 Bitcoin ATM operator files for bankruptcy

#blockchain #markets #scottmelker #investing