THE HORMUZ TEST: Bitcoin Just Told You Exactly What It Is — The Sovereign's Notebook — Special Edition | February 20, 2026
When Geopolitics Stress‑Tests Money, Only One Asset Speaks Clearly
On Tuesday, February 18th, Iran did something it had never done before.
It closed the Strait of Hormuz.
Not fully, not permanently — but enough. Live-fire drills. IRGC wars…
