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…
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
