Protests escalate, rial plummets, Iranian people are frantically withdrawing cryptocurrency
Against the backdrop of ongoing protests and deepening economic crisis in Iran
Iranian citizens are speeding up the withdrawal of Bitcoin from trading platforms to personal wallets
To evade risks of inflation and financial control
From December 28, 2025, when protests broke out until January 8
During the internet blockade in Iran
The BTC transactions withdrawn from domestic exchanges to unknown personal wallets have significantly increased
Indicating that the public is more inclined to directly control their crypto assets during turbulent times
The rial to dollar exchange rate has dropped sharply from about 42 at the end of last year
To over 1,050 this week, with purchasing power nearly collapsing
Bitcoin, due to its decentralized, censorship-resistant, and cross-border transfer characteristics
Is seen as a key tool to combat currency devaluation and political uncertainty, providing the public with "liquidity and choice"
Against the backdrop of ongoing protests and deepening economic crisis in Iran
Iranian citizens are speeding up the withdrawal of Bitcoin from trading platforms to personal wallets
To evade risks of inflation and financial control
From December 28, 2025, when protests broke out until January 8
During the internet blockade in Iran
The BTC transactions withdrawn from domestic exchanges to unknown personal wallets have significantly increased
Indicating that the public is more inclined to directly control their crypto assets during turbulent times
The rial to dollar exchange rate has dropped sharply from about 42 at the end of last year
To over 1,050 this week, with purchasing power nearly collapsing
Bitcoin, due to its decentralized, censorship-resistant, and cross-border transfer characteristics
Is seen as a key tool to combat currency devaluation and political uncertainty, providing the public with "liquidity and choice"