🚨 LATEST UPDATE — $BTC
BTC
94,987.55
-0.70%
Bitcoin is surging sharply in Iran 🇮🇷, but the reason isn’t a sudden global BTC rally. The real driver is the rapid breakdown of the local currency.
The Iranian rial is depreciating at an alarming pace. Everyday costs keep climbing, and inflation has crossed extreme levels, severely cutting people’s purchasing power 💸. As confidence in fiat money erodes, citizens look for alternatives to protect value.
Measured in rials, Bitcoin has jumped over 2,600% — a figure that reflects the collapse of the currency far more than changes in Bitcoin’s international price.
This goes beyond crypto headlines.
It highlights deep economic stress.
When traditional money loses trust → Bitcoin becomes a refuge ⚡