US EditionWhy It Matters for Bitcoin
14 Articles
14 Articles
The collapse of the Iranian currency and economy has brought Iran's economy to a critical stage, amid the deterioration of the Iranian rial and unprecedented inflation, which has affected the purchasing power of citizens and deepened poverty and unemployment in the country...
Protests have been ongoing in Iran since December 28th against the sharp decline in the rial and rising inflation. The movement has now become an open challenge to the religious regime. Amidst this movement, significant information has emerged that the value of the Iranian rial has now fallen to zero in Europe.
Why It Matters for Bitcoin
The post Why It Matters for Bitcoin appeared on BitcoinEthereumNews.com. Iran’s rial nears 1.45M per dollar as inflation and sanctions erode purchasing power and public trust. A redenomination may cut zeros, but it won’t fix inflation or restore confidence in money. As trust breaks down, Bitcoin and crypto resurface as alternatives during currency crises. Iran’s currency, the rial, is under heavy pressure again, trading near 1.45 million per U.S…
What is lived in the streets of Iran is an authentic "save yourself who can." The national currency, the rial, has touched a historical background that seems to have no end: today, a rial is practically worthless. To give you an idea of the magnitude of the disaster, in 2025 the currency lost 69% of its value to the dollar, leaving the population in absolute misery. How much is the Iranian rial worth in Mexican pesos? According to specialized pl…
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