๐ฑ๐จThe Common Denominator of Chaos in Iran: Bitcoin; People Cling to It to Escape, the State to It to Resist!๐จ๐จ
Protests, currency fluctuations, and internet outagesโฆ The chaos in #iran has caused a surge in demand for #Bitcoin ! ๐
๐ RIAL COLLAPSES, BTC BECOMES A SAFE HAVEN
The economic crisis deepened as protests spread nationwide on December 28th.
The rial quickly reverted to a worthless currency.
๐ฅ End of December
โก๏ธ 1 USD โ 42 rials
โณ Shortly after
โก๏ธ 1 USD โ 1,050+ rials
This forced Iranian individual investors to flee to Bitcoin.
๐ FLIGHT FROM EXCHANGES!
According to blockchain analytics company Chainalytic systems:
๐ The increase in protests decreased
๐ Until the internet outage on January 8th,
โก๏ธ record withdrawals occurred from Iranian-based crypto exchanges
โก๏ธ to personal BTC accounts.
What does this mean?
๐ People no longer trust exchanges
๐ They are moving their assets to accounts they control themselves
๐ง WHY $BTC ?
โ๏ธ Decentralized
โ๏ธ Censorship resistant
โ๏ธ No government control
โ๏ธ Cross-border transfer capability
According to Chainalytic, this scenario is not happening for the first time.
๐ War
๐ Economic crisis
๐ Government repression
The same scenario is repeating itself.
โ ๏ธ STATE-LINKED ACTORS ARE ALSO INVOLVED
The cash side of the report is here ๐
๐ฎ๐ท Archived budgets with the Iranian Revolutionary Guard Corps (IRGC),
๐ Part 2025
โก๏ธ Accounted for more than 50% of Iranian-sourced cryptocurrencies!
๐ฐ
โข On-chain transaction volume: $2 billion+
โข Total annual volume: ~$3 billion
โผ๏ธ These figures only include
๐ addresses on the sanctions list.
๐ The actual volume may be much larger.
๐จ THE RESULT IS CLEAR:
Bitcoin in Iran is no longer just:
โ an investment tool
โ speculation
โ a store of value
โ a way to escape censorship
โ a way to mitigate sanctions.
