This market resolves to YES if the price of Bitcoin (BTC) reaches or exceeds $85,000 USD at any point before the Strait of Hormuz is officially designated as "freely open" by a consensus of international maritime governing bodies or major geopolitical authorities. Otherwise, it resolves to NO.

For the price of Bitcoin, the market will use the daily closing price as reported on CoinMarketCap.

Regarding the status of the Strait of Hormuz, "freely open" refers to the absence of significant state-imposed blockades, active military seizure of commercial vessels, or officially declared closures by relevant regional authorities (primarily Iran) that impede international shipping traffic. In the event of ambiguity, resolution will rely on reports from authoritative maritime security organizations, such as the International Maritime Organization (IMO) or major news outlets (e.g., Reuters, Associated Press) confirming that shipping traffic is unencumbered by formal state intervention.

Background

The Strait of Hormuz is a critical maritime chokepoint through which a significant portion of the world's liquified natural gas and oil transit. Its status is frequently subject to geopolitical tension, particularly involving Iran, which has historically threatened to close the strait in response to international sanctions or military pressure.

Bitcoin's price is highly volatile and influenced by macroeconomic factors, regulatory developments, and market sentiment. Traders should note that defining "freely open" is inherently subjective; while explicit closure is easy to verify, varying degrees of regional tension may complicate the interpretation of when the strait is no longer considered "freely open."

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